Appropriately allocating financial resources is perhaps the most significant consideration in the field of finance. Capital budgeting is one of the central considerations that must be factored into the allocation process. Capital budgeting can be defined as the decision to make an investment based on the company's financial resources. Generating a return is the desired outcome of any investment. A company's rate of return is determined by several factors including the length of the time required to attain the return, riskiness of the investment, and the dollar amount of the return. There are several types of capital investments for which companies can allocate their resources. Examples include maintenance projects, cost-saving projects, new business, and production enhancement