Lecture 3.5 capital budgeting英文.pdfVIP

NPV and Capital Budgeting (con’t) Bo Sun WHAT IS CAPITAL BUDGETING? What capital budgeting does? How is this important? •Make up long-term asset Capital -- Assets used in proportion of the balance sheet, production of goods or which ultimately determines the services future growth of the corporation. Budget -- A plan for •The principles of capital budgeting investment of capital