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Statement 1: Capital budgeting refers to a group of methods used by a company to analyze possible capital projects to invest in Statement 2: capital

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Statement 1: Capital budgeting refers to a group of methods used by a company to analyze possible capital projects to invest in Statement 2: "capital budgeting" is called as such because capital-whether debt, equity, or retained earnings-is a limited resource Select the correct response Both statements are correct. Only statement 1 is correct. only statement 2 is correct Neither statement is correct

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