Post: If you are trying to decide between buying a new house or renovating your old one, you are making a capital budgeting decision. Capital budgeting involves choosing projects in which to invest that require a lot of capital. The cost of capital relates to the cost of financing. Read Luke 14: 28-30 and watch the video on Cost of Capital (see required resources). What is the relevance of this scripture in Luke and the cost of capital to the capital budgeting process. Describe how a high vs. lo