What is capital budgeting? Compare and contrast the following capital budgeting terms: (i) Independent and mutually exclusive

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What is capital budgeting? Compare and contrast the following capital budgeting terms:

(i) Independent and mutually exclusive projects.

(ii) Capital rationing and unlimited funds.

(iii) IRR and cross-over points.

(iv) Accept-reject and ranking methods.

(v) Payback method and discounted payback method.

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