What is the financial managers goal in selecting investment projects for the firm? Define the capital budgeting

Question:

What is the financial manager’s goal in selecting investment projects for the firm? Define the process and explain how it helps managers achieve their goal.

Capital Budgeting
Capital budgeting is a practice or method of analyzing investment decisions in capital expenditure, which is incurred at a point of time but benefits are yielded in future usually after one year or more, and incurred to obtain or improve the...