Define capital budgeting in your own words
Please, address each of the questions below, in 100-150 words (per question). Include any relevant examples and links to your sources.
1. Define capital budgeting, in your own words.
2. Define and explain the rationale for the NPV approach. Why is it used and what are its advantages?
3. Give a short example of an IRR approach to determine the desirability of a project.
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