"Share a situation (personal or business) where you had to make a decision on a capital budgeting matter, like buying a house or a car or an appliance.
Explain how you evaluated the matter and what conclusions you reached.
Would your evaluation be different after learning about various capital budgeting criteria?
Give an example of how you would apply various capital budgeting criteria to your decision.
What would you consider the appropriate rate to be in applying the NPV criteria to your situation? Why?