Write a 4- to 5-page paper that summarizes  conclusions about capital budgeting. Include the following:
• Analyze the major components of capital budgeting process evaluation and selection of capital projects.
• Explain the rationale and the effect of mutually exclusive projects.
• Examine some of the foundations and key issues of capital budgeting decision making, including how companies can determine the success of their portfolio of investment projects and decisions on capital rationing.
• Assess ethical considerations that may arise in capital budgeting.
• Compare and contrast project sequencing and capital rationing.
• Explain the calculation and interpretation of net present value (NPV), internal rate of return (IRR), payback period, and profitability index (PI) of a capital project.
• Explain the calculation and interpretation of the weighted average cost of capital (WACC), including how taxes affect the cost of capital from different capital sources.