The process of restating future cash flows in today's dollars is known as:

A) Budgeting.
B) Annualization.
C) Discounting.
D) Payback period.
E) Capitalizing.

The process of restating future cash flows in today's dollars is known as discounting. It involves adjusting the future cash flows to reflect the time value of money and the risk involved. This process is commonly used in financial analysis to evaluate the profitability of an investment or project.