1-List and describe each of the five stages in capital budgeting.

2-The Proposal A and B is a 2 year payback while Proposal C would be a 1 year.

Payback for Proposal A:

Year 1

$80,000

Year 2

10,000

Payback is 2 years

$90,000

Payback for Proposal B:

Year 1

$45,000

Year 2

45,000

Payback is 2 years

$90,000

Payback for Proposal C:

Year 1

$90,000

What is netpresent value?