Capital Budgeting by Don Dayananda, Richard Irons, Steve Harr... - 9780521817820

Capital BudgetingFinancial Appraisal of Investment Projects\nAuthor(s): Don Dayananda, Richard Irons, Steve Harrison, John Herbohn, Patrick Rowland\nFormat: Hardback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9780521817820, 978-0521817820\nSynopsis\nThis book explains the financial appraisal of capital budgeting projects. The coverage extends from the development of basic concepts, principles and techniques to the application of them in increasingly complex and real-world situations. Identification and estimation (including forecasting) of cash flows, project appraisal formulae, and the application of net present value (NPV), internal rate of return (IRR) and other project evaluation criteria are illustrated with a variety of calculation examples. Risk analysis is extensively covered by the use of risk adjusted discount rate, certainty equivalent, sensitivity, simulation and Monte Carlo analysis. The NPV and IRR models are fu.