Discussion
Address each of the questions below, in 100 to 150 words (per question). Include any relevant examples and links to your sources.
• Define capital budgeting, in your own words.
• Define and explain the rationale for the NPV approach. Why is it used and what are its advantages?
• Give a short example of an IRR approach to determine the desirability of a project.
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.