Explain the capital budgeting process and describe the available methods of evaluating alternative investments. Explain in your own words what is meant by the time value of money and why some of the methods consider it and others do not. Give an example of a method that considers it and one that does not.

Explain the capital budgeting process and describe the available methods of evaluating alternative investments. Explain in your own words what is meant by the time value of money and why some of the methods consider it and others do not. Give an example of a method that considers it and one that does not.