Question: 1. A colleague from a different department asks you for advice on capital budgeting techniques. She specifically asks about mutually exclusive projects as well as

1. A colleague from a different department asks you for advice on capital budgeting techniques. She specifically asks about mutually exclusive projects as well as what should be the correct discount rate for the calculations in terms of making the most accurate decisions. How will you explain NPV and IRR to her in this context? She further says that providing a "dollar" answer does not seem intuitive to her and she would prefer a decision based on percentages. Having finished the capital budgeting module, how would you respond to this statement
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