Capital budgeting is a complicated process that is essential to good investment decisions by a company. Briefly review either your personal experiences and/or the financial literature to identify and present a description of one actual capital project/product failure and the reasons attributed to the failure. For those of you who do not have personal experiences the following are some illustrated examples of failed projects/products over the last 50 years you may want to look up and consider: New Coke, Iridium Satellite Communication, the Edsel automobile, Beta (vs. VHS), the Concord SST, and various Dot Coms. Feel free to research others. Remember this is a short exercise – do not go overboard – a little bit of research and summation is all that’s required. Share your short, concise description of the project and the major reasons you believe it failed.