Sir I Watched your Lecture Regarding capital Rationing and Followed Your Course Notes and I Understood that very easily, but in Kaplan Study Text there is an extra Example of “Mutually Exclusive Projects” which you have not Covered, That Example is Confusing and I can’t Understand, Can you please Explain it a little Bit that what actually is “Mutually Exclusive Projects”?
If two projects are mutually exclusive then it means that if you do one of them then you cannot do the other one as well (you cannot do both projects – just one of them).