In What Stage of the Capital Budgeting Process Do Managers

In what stage of the capital budgeting process do managers identify potential capital investments that agree with the organization's strategy?

A) Stage 1: Identify projects.
B) Stage 2: Obtain information.
C) Stage 3: Make predictions.
D) Stage 4: Make decisions by choosing among alternatives.
E) Stage 5: Implement the decision,evaluate performance,and learn.