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PAD525 Week6 Assignment2
$ 15.00

Capital budgeting is the procedure on how to organize an organization performance through the use of machineries and equipment to ensure that the agency indeed succeeds in proving public services in an effective manner.  The City of Richmond, Virginia has to invest in human resources and also creating research development for its institution to ensure that future expectation of good governance is met.  “There are various methods that can be used to perform this technique in various ways.  For instance, first is the use of payback period to determine the certainly, or uncertainly” (Clark 1979).  The City of Richmond can use payback period analysis to measure and evaluate similar institution works.  The timely value of money is not considered while performing this procedure.  The formula for calculating it is as follows:

Payback Period Formula

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