Capital budgeting is a crucial process for businesses that want to grow and remain competitive. It involves planning and evaluating investments in long-term assets, such as equipment or buildings, which are expected to generate cash flows for more than a year. A capital budget summarizes planned investments in these assets, while capital budgeting is the step-by-step process of analyz... https://finalitics.net/capital-budgeting-process-easy-steps-examples/