In this week’s discussion, prepare a synopsis of the material discussed in the chapter readings. In your post, share any questions you may have regarding the managerial finance concepts presented in the textbook. This synopsis should be 450+ words .(PFA for attachement)
Please, address each of the questions below, in 100-150 words (per question). Include any relevant examples and links to your sources.
1. 1. Define capital budgeting, in your own words.
2. 2. Define and explain the rationale for the NPV approach. Why is it used and what are its advantages?
3. 3. Give a short example of an IRR approach to determine the desirability of a project.