9 Intangible benefits in capital budgeting: should be excluded because they are too difficult to estimate. might consist of operating cost savings. should only be considered when the net present value is positive. might include increased product quality and improved safety. Click if you would like to Show Work for this question: Open Show Work Question 12 A capital budgeting method that takes into consideration the time value of money is the annual rate of return method. return on stockholders' equity method. cash payback technique. internal rate of return method