Capital budgeting is a vital part of a firm's decision making. Each approach will provide a piece of information to help analyze potential projects to make informed decisions.
Topic : Capital Budgeting
From a financial manager's perspective, discuss the capital-budgeting process used to identify projects that add to the firm's value.
How do capital-budgeting decisions help to define a firm's strategic direction?
It needs to be 300 words long needs references.