Answer the following questions and make two peer responses per question: 

1. Explain the types of projects that require the least detailed and the most detailed analysis in the capital budgeting process. 
2. Explain the complications that arise in determining the optimal capital budget. 
3. Discuss why sunk costs should not be included in a capital budgeting analysis but opportunity costs and externalities should be included. 
4. Identify the five uses of free cash flow and how these are uses are related to a financial plan.
5. Discuss why the intrinsic value of a firm may differ from the market value of a firm.

Your initial post for each question should be roughly 300 to 500 words in length, and your responses to peers should be roughly 100 to 200 words each. Cite sources you reference as an in-text citation and under the post include a “References” section in APA format.