The purpose of this book is to provide a comprehensive examination of critical capital budgeting topics. Coverage extends from discussing basic concepts, principles, and techniques to their application to increasingly complex, real-world situations. Throughout, the text emphasizes how financially sound capital budgeting facilitates the process of value creation and discusses why various theories make sense and how firms can use them to solve problems and create wealth : offers a strategic focus on the application of various techniques and approaches related to a firm's overall strategy ; provides coverage of international topics based on the premise that managers should view business from a global perspective ; emphasizes the importance of using real options.
