Indicate whether each of the following statements regarding capital budgeting is true or false. True False Statements O Ideas for capital investment should come from the engineering and sales departments rather than from the finance department. O 0 0 Effective capital budgeting improves the timing and quality of the assets purchased. o A post audit is sometimes overlooked and dismissed as being of little value. o Capital budgeting involves planning and forecasting cash flows, sometimes many years into the future. Capital projects are either mutually exclusive or independent. Which of the following statements are correct? Check or that apply. Mutually exclusive projects are projects that, whether accepted or rejected, do not affect the cash flows of other projects. Independent projects are those projects that, if accepted, preclude the acceptance of all other competing projects A project cannot be independent and mutually exclusive at the same time. Acceptance or rejection of an independent project does not affect the cash flows of other projects Acceptance of a mutually exclusive project precludes the acceptance of any competing project