Exhibit 3
 Relative Usage of Various Supplementary Capital Budgeting Tools
Response to the question: “Please classify how frequently your firm utilizes each of the following budgeting tools. “Often” would generally mean
that you use this tool about 75% of the time, “sometimes” would refer to about 50%, and “rarely” would mean about 25% of the time.” The
absolute percentages are in columns 2-6 and the cumulative percentages are in columns 7-9. Results are based on 205 responses