Lecture Fundamentals of corporate finance - Chapter 9: Net present value and other investment criteria
Lecture Fundamentals of corporate finance - Chapter 9: Net present value and other investment criteria
In chapter 1 we identifi ed the three key areas of concern to the financial manager. The first of these involved the question: What fixed assets should we buy? We called this the capital budgeting decision. In this chapter, we begin to deal with the issues that arise in answering this question.