Product Description
For courses in Capital Budgeting.
Capital Budgeting and Investment Analysis marries theory with practice by providing numerous illustrations of real-world applications. It includes a discussion of capital budgeting's link to the corporation's strategy for creating value as well as addressing the international aspects of capital budgeting.
From the Back Cover
Capital Budgeting and Investment Analysis is concerned with the most important problem facing management: finding or creating investment projects that are worth more than they cost. Throughout, the book emphasizes how management creates value for its shareholders.
The basic philosophy of this book is to help students develop their critical thinking skills required to assess potential investments. Topics covered include the basics of capital budgeting, the estimation of project cash flows and the project cost of capital, risk analysis in capital budgeting, and corporate strategy and its relationship to the capital-budgeting decision.
See all Product Description