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| The Chief Financial Officer of Large Closeouts Inc. (LCI) determines that the firm must engage in capital rationing for its capital budgeting projects. Which of the following describes the most likely reason for LCI to use capital rationing? LCI: A)must choose between projects that compete with one another. B)would like to arrange projects so that investing in a project today provides the option to accept or reject certain future projects. C)has a limited amount of funds to invest. |