英文版financeCh6std概述.pptVIP

Capital Budgeting;Outline;Recall the Flows of funds and decisions important to the financial manager;Introduction;Capital Budgeting Mutually Exclusive versus Independent Project;The Net Present Value (NPV) Rule;NPV - An Example;The Time Line NPV of Project X;First, clear previous data, and check that your calculator is set to 1 P/YR: ;NPV: Strengths and Weaknesses;The Payback Period Rule;Discounted Payback - An Example;Average Accounting Return (AAR);Average Accounting Return (AAR); Year 1 Year 2 Year 3 Sales 140 160 200 Expenses 120 100 90 E.B.D. Depreciation E.B.T. Taxes (40%) NI: ;We