14. Conclusions about capital budgeting The decision process Before making capital budgeting decisions, finance professionals often generate, review, analyze, select, and implement long-term investment proposals that meet firm-specific criterla and are consistent with the firm's strategic goals. Companies often use several methods to evaluate the project's cash flows and each of them has its benefits and disadvantages, Based on your understanding of the copital budgeting evaluation methods, which of the following conclusions about capital budgeting are valld? check all that apply. For most firms, the reinvestment rate assumption in the NPV is more realistic than the assumption in the IRR. The discounted paybeck period improves on the regular payback period by accounting for the time value of money. Managers have been slow to adopt the IRR, because percentage returns are a harder concept for them to grasp. is the single best method to use when making copital budgeting decisions