Which one of the following is NOT a relevant cash flow in capital budgeting decisions?

Match the financial techniques and capital budgeting concepts in LIST-I with their functional applications and characteristics in LIST-II: LIST-I (Concept/Technique) A. Net Present Value, IRR, and Payback Period B. Capital Budgeting C. Fixed Capital Requirements D. Long-term Investment Decision Impact LIST-II (Application/Characteristic) I. Process of selecting proposals expected to generate returns over multiple years II. Quantitative techniques used to evaluate investment proposals III. Projections focused on funds needed for long-term assets IV. Defining the asset side of the balance sheet and future earning potential Choose the correct answer from the options given below:

When there is single-period capital rationing, the most appropriate method for making investment decisions is to: