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Published in:
2017 | OriginalPaper | Chapter
12. Evaluating Capital Investment Decisions: Capital Budgeting
Author : Joshua Yindenaba Abor
Published in: Entrepreneurial Finance for MSMEs
Publisher: Springer International Publishing
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Abstract
By the end of this chapter, you should be able to:
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• explain the rationale for capital budgeting
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• discuss the factors that affect capital budgeting decisions
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• list and explain the steps involved in the capital budgeting process
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• explain the techniques or methods used in evaluating capital budgeting projects
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• show how capital budgeting decisions are arrived at based on independent and mutually exclusive projects
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• determine how capital budgeting decisions are influenced by capital rationing
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• appreciate the importance of following, monitoring and taking corrective measures after the capital budgeting decision has been made