Chapter 16. Investment ratios
Introduction • Project appraisal – the problem • Project appraisal – steps to a solution (1) • Project appraisal – steps to a solution (2) • Project appraisal – present value (PV) • Project appraisal – internal rate of return (IRR) • Project appraisal – summary
The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future. | ||
| --JOHN MAYNARD KEYNES (1883–1946) | ||
Introduction
The need for a company to earn a return on its investment has been covered in detail. It is clear that this return must meet market expectations if the standing and value of the company is not to suffer.
One of management’s critical functions is planning the future of the business to ensure ...
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