Capital budgeting methods are used by almost all organizations to help determine their decision in long-term capital projects. According to Schall, Sundem, and Geijsbeek, Jr, a 1978 survey reected that almost all companies surveyed used one of the capital budgeting methods discussed in Chapter 24 (Payback, Accounting Rate of Return, and NPV; IRR is one also considered in the survey), with 86% of surveyed rms using more than 1 method (see source below). Today, these methods continue to receive vast usage among organizations even in the midst of more advanced technological methods. A 2005 study by Apap & Masson looked at capital budgeting techniques utilized by publicly- traded utility companies, noting almost 73% of surveyed companies using one or more of the methods discussed (see source below). Based on your knowledge gained in this unit, please address the following questions: - Why are these methods so widely used? 0 What are the advantages of using these methods? 0 Which method do you think is used the most, and why? - What other metrics could you analyze besides cash flows (or nancial) when determining whether or not to accept a project? The post needs to contain relevant terminology and a firm understanding of the capital budgeting methods being discussed in order to achieve the maximum number of points