Why is the time value of money so important in capital budgeting decisions?

This should be over under the homework section in Accounting & Finance. I know this is homework cause I've seen this same question about 3 billion times on here.

And second, you also need to see our guidelines for posting homework questions:
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From that link, you'll also see the Home>Education>Homework Help>Announcements near the top. Click on the homework help and you'll be right where you want to be.