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Budgeting Process and Capital Expenditure Budget : A manufacturing company is preparing its capital expenditure budget for the next fiscal year. The company plans to

Budgeting Process and Capital Expenditure Budget: A manufacturing company is preparing its capital expenditure budget for the next fiscal year. The company plans to invest $200,000 in new equipment and $100,000 in facility upgrades. Additionally, the company plans to spend $50,000 on research and development projects. Prepare the company's capital expenditure budget and discuss the importance of capital budgeting in long-term investment planning and resource allocation.

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