Capital Budgeting: Theory, Quantitative Methods, and Applications |
Contents
Objective of Capital Budgeting | 12 |
Cost of Capital | 38 |
Traditional Methods that Ignore Time Value of Money | 53 |
Copyright | |
20 other sections not shown
Common terms and phrases
20 percent accepted adjusted cash flows algorithm alternative analysis annual annuity apply assume assumption beta Business Calculate Capital Budgeting capital investment projects CAPM certainty equivalent chapter considered constraints cost of capital debt depreciation discount rate dollar earnings economic equation equipment equity estimate evaluation example expected value Figure Financial Management firm firm's cost goal goal programming increase inflation initial investment method internal rate investors Journal of Finance less lessee lessee's lessor leveraged lease loan machine MAPI method measure ment mixed cash flows net present value obtained operating inferiority opportunity cost outlay payback payments period present value problem production profits R₁ rate of return recovery reinvestment return on investment risk risk-free risky salvage value security market line semivariance simulation sinking fund method Table tax shields tion traditional sinking fund unrecovered investment utility function variance Wiar yield zero