1. What are the six major steps involved in the capital budget process? 2. How would you estimate the cost of capital for a project if its risk is different from the rest of the company? Similarly,...

1. What are the six major steps involved in the capital budget process?

2. How would you estimate the cost of capital for a project if its risk is different from the rest of the company? Similarly, how would you estimate the cost of capital for a project when the company has debt in its capital structure? When estimating the cost of debt, does it make a difference if the company’s debt is privately or publicly held?