The capital budgeting process involves all of the following except Multiple Choice Having department or plant managers submit new investment proposals. O Determining which financial institution to use for financing. Evaluating the submitted proposals. Forming a capital budget committee that includes accounting and finance members. Approving or rejecting new investment proposals. A minimum acceptable rate of return for an investment decision is called the: 8 Multiple Choice Skipped o Internal rate of return. o Average rate of return. o Hurdle rate of return. o Maximum rate of return. o Payback rate of return