When Marriott says its sources of capital are retained earnings and leverage, what is Marriott talking about?
• What would be Marriott’s likely uses of capital from those sources?
• Which of the 9 flaws in capital budgeting (see reading 6) would you worry about with Marriott. Why?
• How would a dynamic capital budgeting system (see reading 6) help Marriott make capital good investment decisions?
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