Each student should choose an organization with which she/he is familiar, such as the place of employment, business patronized, or other situation and describe how that organization either does or does not apply the course concepts on a day-to-day basis. The following course concepts should be discussed: The Balance Scorecard Critical success factors. Identify and discuss the fixed and variable cost. Calculate the Contribution Margin Income Statement Determine and discuss the most effective costing method for your organization. Using the IRR and NPV method calculate and determine if the capital budget project is viable project cost $950,000, project life 7 years and cost of capital 12% and annual cash flows of $210,000.