Limited liability is one of the benefits to shareholders of a limited company explain the meaning limited liability? (3 marks) Provide an example of the conflicts of interest between shareholders and managers. (4 marks) Briefly discuss the significance of capital budgeting? (6 marks) Write short notes on the following: Mutually exclusive projects (3 marks) independent projects (3 marks) Accounting rate of return (3 marks) Internal rate of return (3 marks)