Describe and critique Target's capital-budgeting system. Give specific consideration to the role of the real-estate managers and the makeup of the...

1.Describe and critique Target's capital-budgeting system. Give specific consideration to the role of the real-estate managers and the makeup of the CEC. 2.Which of the five CPRs should Doug Scovanner accept? Explain how each of the considerations that follow influenced your decision: a. NPV and IRRb. Size of the projectc. Cannibalization of other stores' salesd. Store sensitivitiese.Variance to prototypef. Customer demographicsg. Brand-awareness impact Why does Target use different hurdle rates for the store and the credit cards (9% and 4%, respectively)?3. What process would you use to estimate these discount rates to see if they are reasonable? 4. As a member of the CEC, would you continue to approve CPRs if it meant that Target would need to fund the requests with external funds, either debt or equity?Download Attachment: Target.pdf