Identify and recommend at least 1 credible Web site that discusses the process of calculating the models most commonly used to support capital budgeting decisions, and address at least 3 of the following topics:
- What is the capital budgeting, and what role does it play in long-term investment decisions?
- What are the basic capital budgeting models, and which ones are considered the most reliable and why?
- What is net present value (NPV), how is it calculated, and what is the basic premise of its decision rule?
- What is the internal rate of return (IRR), how is it calculated, and what is the basic premise of its decision rule?
- What is the modified internal rate of return (MIRR), how is it calculated, and what is the basic premise of its decision rule?
- How is the weighted average cost of capital (WACC) employed in capital budgeting decisions, and should it be used for all project regardless of the riskiness of a project?
Be sure to document your posts with in-text citations, credible sources, and properly listed references.