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Pioneer PetroleumEssay Preview: Pioneer PetroleumReport this essayPioneer Petroleum CorporationBackground: The Pioneer Petroleum Corporation is a hydrocarbons-based company, concentrating on oil, gas, coal, and petrochemicals. One of the critical problems confronting management and the board of Pioneer was the determination of a minimum acceptable rate of return on new capital investments. The companys basic capital budgeting.
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