Prerequisite: FIN 202a (may be taken concurrently).
Companies make long term investments to increase value. The investments may be in physical assets (e.g., new plants) or in the acquisition of other businesses. Capital budgeting involves an assessment of business opportunities, preparation of cash flows and comparison of returns among various potential investments. This course employs criteria such as NPV, IRR and discounted payback to explore investment decisions described in articles, textbook readings, and cases. Usually offered every year.
