Problem:

Question 1) Analyze the concept of "a dollar today is worth more than a dollar in the future," to define a capital project in terms of future and present values.

Question 2) Explain the necessary steps and the kind of decisions involved in the capital investment decision process.

Question 3) Explain the various strategies for capital investment needs, including bonds and equity as well as other nontraditional financing options.

Question 4) Examine the tools to turn accounts receivables into cash through liquidation or securitization, and the impact on cash budgeting.

Question 5) Discuss what working capital is and how it is relevant to cash budgeting.

Provide thorough explanation of every question given in the problem.