Discuss why capital budgeting decisions are the most important investment decisions made by a firm's management.
Explain the benefits of using the net present value (NPV) method to analyze capital expenditure decisions and calculate the NPV for a capital project.
Describe the strengths and weaknesses of the payback period as a capital expenditure decision-making tool and compute the payback period for a capital project.
Explain why the accounting rate of return (ARR) is not recommended for use as a capital expenditure decision-making tool.
Compute the internal rate of return (IRR) for a capital project and discuss the conditions under which the IRR technique and the NPV technique produce different results.
Explain how the ...