Capital budgeting decisions are among the most important decisions that financial managers make. Indicate whether each of the following statements about capital budgeting is true or false. I Capital projects are either mutually exclusive or independent. Which of the following statements are correct? Check all that apply. Capital budgeting involves evaluating the value of long-term assets or projects. Which of the following should be included In the capital budgeting process? Check all that apply. Rydell Engineering is evaluating a proposed capital budgeting project that will require an initial investment of $160,000. The project is expected to generate the following net cash flows: Assume the desired rate of return on a project of this type is 11%. What is the net present value of this project