1. What are the different steps involved in capital budgeting process. 2. What are mutually exclusive projects? 3. What is Equivalent annual annuity (EAA )? 4. Briefly compare and contrast the NPV, PI, and IRR criteria. What are the advantages and disadvantages of using each of these methods? 5. XYZ company is considering purchasing a machine that will cost 900,000 . The appropriate discount rate for this project is 15% and its expects cash inflows as detailed below: What is the profitability index for this investment? Should the project be accepted? Why or why not