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B392 TMA, Fall 2021 - 2022 The TMA Questions PART A: capital Budgeting Capital budgeting is a method of estimating the financial viability of a capital investment over the life of the investment. A small company is considering whether to purchase a new delivery or to hire a delivery service. Required: 1. Critically discuss the purpose of capital budgeting (70 words) 2. Elaborate on the four steps to follow when making a decision about a major purchase or project. (60 words) 3. Discuss the two primary types of benefits to consider when evaluating a major purchase or project. (20 words) B392 TMA, Fall 2021 - 2022 The TMA Questions PART A: capital Budgeting Capital budgeting is a method of estimating the financial viability of a capital investment over the life of the investment. A small company is considering whether to purchase a new delivery or to hire a delivery service. Required: 1. Critically discuss the purpose of capital budgeting (70 words) 2. Elaborate on the four steps to follow when making a decision about a major purchase or project. (60 words) 3. Discuss the two primary types of benefits to consider when evaluating a major purchase or project. (20 words)