Course Learning Objectives

By the end of this section, you will be able to:

• Analyze long-term capital decisions using time value of money, internal rate of return, and payback period.

Specific Learning Outcomes

• Describe the nature of capital investment analysis.
• Illustrate the evaluation of capital investment proposals.
• Describe the hurdle rate for an investment.
• Describe and illustrate the capital rationing process.
• Describe the use of a capital expenditures budget for planning and controlling capital investment expenditures.