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Which of the following statements is correct? I. Capital budgeting is the process of choosing the types of debt and equity that will be used

Which of the following statements is correct?

I. Capital budgeting is the process of choosing the types of debt and equity that will be used to finance investment projects.

II. Capital budgeting is the process of scheduling and managing the shortterm cash flows of a firm.

III. Capital budgeting is the process of analyzing projects and deciding which ones to accept

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