Capital Budgeting – The Investment and Financing decision

This course has been designed for students studying Corporate Finance at the under-graduate or post-graduate level.

You will learn the following -

1. The traditional methods of investment appraisal

2. Advantages and disadvantages of NPV compared to IRR

3. The Investment decision for a project

4. How to evaluate – Inflation, relevant costs and revenues, opportunity costs and revenues, the discount cost of capital, changes in working capital, issue costs, finance costs and tax losses.

5. Evaluation of keep vs replacement investment decision

6. Investing in an asset via an operating lease

7. The Financing decision

8. Examination questions