In at least 500 words explain capital budgeting at the corporte level and the three types of sensitivity analysis (what-if, scenario analysis and mote carlo simulation). Then explain how the different types of sensitivity analysis can be used in the capital budgeting process for the strategic allocation of financial resources.
Cite at least 4 peer-reviewed journal articles. Please attach the .pdf of any cited research. These journals can be either professional (e.g. Strategic Finance) or academic (e.g. Journal of Management) but MUST be peer-reviewed.