This is a mini-essay assignment (Maximum of 1,000 English words, without the need for citing references). Could you answer this question to help me develop my essay? Hope that you can tell me what...

This is a mini-essay assignment (Maximum of 1,000 English words, without the need for citing references). Could you answer this question to help me develop my essay? Hope that you can tell me what should be written in the first paragraph of my essay? What should be written in the second paragraph of my essay? And so on.

Capital budgeting is the process that a business uses to determine which proposed fixed asset purchases (or projects) it should accept, and which should be declined. This process is used to create a quantitative view of each proposed fixed asset investment, thereby giving a rational basis for making a judgment.

Analyze why, despite employing various investment appraisal techniques, large investment projects in big corporations may fail to deliver their estimated cash flows. Critically assess how a failed capital project may affect key stakeholders and shareholder value, and also shape the future strategy of investment capital