Slide 1
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Comparison Valuations
Bonds, Stock and Project Similarities
Bonds, Stocks and Project Differences
Bonds, Stocks and Project Differences
Slide 12
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Payback Period
Project Example Information
Project Example - Visual
Payback Computation
Payback Computation
Payback Computation
Payback decision
Payback Decision
Payback Decision
Capital Budgeting Decision Criteria Comparison
Good Decision Criteria
Decision Criteria Test - Payback
Decision Criteria Test - Payback
Payback’s Advantages
Payback’s Disadvantages
Slide 32
Discounted Payback Period
Discounted Payback Computation Step 1
Discounted Payback Computation Step 2
Discounted Payback Computation Step 2
Discounted Payback Computation Step 2
Capital Budgeting Decision Criteria Comparison
Decision Criteria Test – Discounted Payback
Discounted Payback’s Advantages
Discounted Payback’s Disadvantages
Slide 42
Net Present Value
NPV – Decision Rule
Project Example - NPV
Net Present Value Computation Step 1
Net Present Value Computation Step 2
Net Present Value Decision
Slide 49
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Capital Budgeting Decision Criteria Comparison
Decision Criteria Test - NPV
Net Present Value Advantages
Net Present Value Disadvantages
Calculating NPVs with a Spreadsheet
Slide 57
Profitability Index
Profitability Index Example
Capital Budgeting Decision Criteria Comparison
Profitability Index Advantages
Profitability Index Disadvantages
Slide 63
Average Accounting Return
Project Example Information
Average Accounting Return
Capital Budgeting Decision Criteria Comparison
Decision Criteria Test - AAR
Average Accounting Return Advantages
Average Accounting Return Disadvantages
Slide 71
Internal Rate of Return
Internal Rate of Return
Computing IRR for the Project
Calculating IRRs With A Spreadsheet
IRR – Decision Rule
Capital Budgeting Decision Criteria Comparison
Decision Criteria Test - IRR
Internal Rate of Return Advantages
Internal Rate of Return Disadvantages
Mutually Exclusive Projects
Mutually Exclusive Projects
NPV Profiles
NPV vs. IRR
NPV Profile
Conflicts Between NPV and IRR
Slide 87
Modified Internal Rate of Return (MIRR)
Modified Internal Rate of Return (MIRR)
MIRR Computation Step 1
MIRR Computation Step 2
Capital Budgeting Decision Criteria Comparison
Slide 93
Capital Budgeting In Practice
Ethics Issues I
Ethics Issues II
Quick Quiz
Comprehensive Problem
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