Describe how a capital budget is constructed.
Answer to relevant QuestionsOne of the most popular capital budgeting techniques is the payback method. How does this method work? Give an example.What are the benefits of the budgeting process? Identify the benefits of a business plan (a) For an entrepreneur and (b) For financial sources.What is the meaning of the term critical risks?How can entrepreneurs build an entrepreneurial firm? Be complete in your answer.
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