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Serving as a companion to "The Capital Budgeting Decision", this volume examines the complexities of capital budgeting as well as the opportunities to improve the decision process where risk and time are important elements. It also emphasizes the application of capital budgeting techniques to a variety of issues.

Gives an introduction to capital budgeting, a complex but essential topic in corporate finance. This book covers various topics, including distribution policy and capital budgeting, a firm investing in a second firm and investing in current assets. It helps readers to make intelligent capital budgeting decisions for corporations of every type.