Primary Task Response: Within the Discussion Board area, write 500–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Part 1

Summative Discussion Board

Review and reflect on the knowledge that you have gained from this course. Based on your review and reflection, write at least 3 paragraphs on the following:

• What were the most compelling topics learned in this course?
• How did participating in discussions help your understanding of the subject matter? Is anything still unclear that could be clarified?
• What approaches could have yielded additional valuable information?

The main post should include at least 1 reference to research sources, and all sources should be cited using APA format.

Part 2

In this final Phase, you will be learning about the concept of the capital budgeting, the different techniques that are commonly employed in making capital budgeting decision, and how each is calculated. This concept, along with the time value of money concept and the cost of capital, will be employed in addressing the Phase 5 tasks and is related to the tasks that you completed in Phases 2 and 3.

In your initial post, identify and recommend at least 1 credible Web site that discusses the process of calculating the models most commonly used to support capital budgeting decisions, and address at least 3 of the following topics:

• What is the capital budgeting, and what role does it play in long-term investment decisions?
• What are the basic capital budgeting models, and which ones are considered the most reliable and why?
• What is net present value (NPV), how is it calculated, and what is the basic premise of its decision rule?
• What is the internal rate of return (IRR), how is it calculated, and what is the basic premise of its decision rule?
• What is the modified internal rate of return (MIRR), how is it calculated, and what is the basic premise of its decision rule?
• How is the weighted average cost of capital (WACC) employed in capital budgeting decisions, and should it be used for all project regardless of the riskiness of a project?

Be sure to document your posts with in-text citations, credible sources, and properly listed references.