August 2011
Beginner
547 pages
16h 12m
English
Content preview from Fundamentals of Financial Management, Third EditionBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Part II
Long-term Investment Decision
Corporate financial activities begin with the selection of projects and the making of long-term investments. This process is known as capital budgeting. It involves intricate and well thoughtout decisions, that help add to the corporate wealth. Part II deals with:
- Principles of capital budgeting;
- Capital budgeting in practice that is closer to the realities of the corporate world;
- Cost of capital that represents the minimum required rate of return.
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