Which of the following are the elements of disbursements in capital budgeting?
1. Dividend 2. Profits retained
3. Loan to other companies 4. Depreciation
Select the correct answer using the codes given below
(a) 1, 2 and 3 (b) 2, 3 and 4 (c) 1, 3 and 5 (d) 2, 4 and 5