capital budgeting

One of the topics is capital budgeting. Capital budgeting is about corporate investment decision process. It is very important role of financial managers. There are three articles about capital budgeting. Schall et at.(1978), Klammer (1972), and Graham(2002). Please choose one of them and read it. Then, summarize the article in your words along with some critiques on it. Please do not just write what the article is about. Your summary and critique should be a thoughtful discussion of the article. The length of double spaced 3-4 pages (12 point-Times New Roman font) would be desirable. Your paper must have separate section(s) for the critiques. The sections of the summary include :(1) research motive or questions of the article (2) brief survey of the previous literature (3) main results and their economic interpretations. The section (s) of the critiques contain 1) your critiques (the more is the better, but, it should be more than half page) 2) critical questions you would like to raise about the article, if any.