10. The importance of capital budgeting and post-audits Capital budgeting decisions are among the most important decisions that financial managers make. Indicate whether esch of the following statements about capital budgeting is true or false. Capital projects are either mutually exclusive or independent. Which of the following phrases cdrectly describe mutually exclusive projects? Check all that apply. Those projects that, If accepted, prectude the acceptance of all other competing projects Project choices that rule out competing project choices Projects that, whether accepted or rejected, do not affect the cash flows of other projects By definition, they are not atso independent profects Those projects that are best analyzed without considering the time value of money