Capital budgeting decisions are among the most important decisions that financial managers make. Indicate whether each of the following statements regarding capital budgeting is true or false. True False O Statements Ideas for capital investment should come from the engineering and sales departments rather than from the finance department. A post-audit is sometimes overlooked and dismissed as being of little value. Investing in capital assets is important to staying competitive. Capital budgeting involves planning and forecasting cash flows, sometimes many years into the future. O Capital projects are either mutually exclusive or independent. Which of the following statements are correct? Check all that apply. Mutually exclusive projects are projects that, whether accepted or rejected, do not affect the cash flows of other projects. The decision to accept or reject a project may depend on whether the project is independent or mutually exclusive. Acceptance of a mutually exclusive project precludes the acceptance of any competing project. Independent projects are those projects that, if accepted, preclude the acceptance of all other competing projects. Acceptance or rejection of an independent project does not affect the cash flows of other projects