CAPITAL BUDGETING AND COMPANY VALUATION

Ivan E Brick

Chapter 5 in Lecture Notes in Introduction to Corporate Finance, 2017, pp 119-168 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:What is Capital Budgeting?What is Net Present Value?Internal Rate of ReturnWhat Could Go Wrong?Will NPV and IRR Always Give the Same Answer?Does NPV Always Work? — Capital RationingDoes NPV Always Work? — Unequal LivesHow Do We Find the Cost of Funds?Capital Asset Pricing ModelMore Complicated ATWACOCHow Do We Define Cash Flows?Incremental Cash FlowsCase Study-Firm ValuationSolution for Case StudyCapital Budgeting AppendixDo the Various Capital Budgeting Approaches Yield Identical NPVs?Capital Budgeting ProblemsMore Advanced Capital Budgeting ProblemSolution to Problem Set

Keywords: Time Value of Money; Risk and Return; Capital Budgeting; Financing Decision; Leasing; Corporate Finance (search for similar items in EconPapers)
JEL-codes: G31 (search for similar items in EconPapers)
Date: 2017
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