企业项目投资决策.pptVIP

第11章 Investment Decision Rule Learning objectives: -- To show how to use discounted cash flow ,payback period, IRR rule to make investment decisions -- To show how to make investment decisions in mutually exclusive project or in a new project. -- To show how to use the Microsoft Excel to make investment decisions and capital budgeting. 1 Why Use Net Present Value? We apply the techniques of Discounted Cash Flow to the analysis of investment decisions by business firms. The process of analyzing the investment decision(or choosing the company’s long-term