Background and Content:

Fortescue invests in solar-gas-battery project to power its Pilbara operations

Reference:

Maisch, M. (2020). Fortescue invests in solar-gas-battery project to power its Pilbara operations. Retrieved 7 September 2020, from https://www.pv-magazine-australia.com/2020/01/30/fortescue-invests-in-solar-gas-battery-project-to-power-its-pilbara-operations/

1. Discuss the importance of capital budgeting for Fortescue's business investment.
2. Discuss the critical factors in the selection of capital budgeting techniques to evaluate capital investments.
3. Evaluate the capital budgeting techniques. Choose one or a combination of methods which is/are most desirable to evaluate the feasibility of this USD450 million Fortescue project. Justify your choice by providing valid explanations.