What is the purpose of capital budgeting and how does it align to the corporate or finance strategy?

Write a RESPONSE to the classmate’s discussion post below, analyzing their answer and findings. 10 -12 sentences.:

1. What is the purpose of capital budgeting and how does it align to the corporate or finance strategy?

2. In the 10-K Item 6 Selected Financial Data – Review some interesting events that impacted the financial statements of the company?

3. In the 10-K Item 3 Review some of the more interesting legal proceedings against the company.