tai文档新wan财务管理_lecture8(ch8).pptVIP

Topics Covered How Firms Organize Their Investment Process Some “What If” Questions Sensitivity Analysis Break Even Analysis Flexibility in Capital Budgeting Decision Trees Options Capital Budgeting Process Capital Budget - The list of planned investment projects. The Decision Process 1 - Develop and rank all investment projects 2 - Authorize projects based on: Govt regulation Production efficiency Capacity requirements NPV Capital Budgeting Process Capital Budgeting Problems Consistent forecasts Conflict of interest Forecast bias Selection criteria (NPV and others) How To Handle Uncertain