Test learners' ability to apply discounted cash flow (DCF) analysis to mid-sized capital investment decisions by forecasting project cash flows (revenues, operating costs, taxes, depreciation, CAPEX, and working capital changes), selecting and justifying an appropriate discount rate (e.g., WACC or risk-adjusted rate), calculating NPV and IRR, estimating terminal value, and conducting sensitivity or scenario analysis; include moderate-complexity numerical calculations, clear assumptions, treatment of tax/depreciation effects, and interpretation of results to support go/no-go and ranking decisions under budget constraints.