Please reference Chapter Eleven of the textbook as well as miscellaneous web articles pertaining to capital budgeting projects :

----- For additional reading see the following web article: Capital Budgeting (Links to an external site.)Links to an external site.

What is capital budgeting, and what is its goal?

Why is NPV the primary capital budgeting decision criterion?

How does the cost of capital impact the NPV capital budgeting decision?

What is the differentiation between independent and mutually exclusive projects?

Research and find a companys capital budgeting project which failed. (The project could have been a new product or store concept which was developed or even an acquisition of another company).

Per the article's information, why did the product or acquisition fail?

Hint: To aid in your research, search the web for consumer product failures and also worst acquisition failures