Capital budgeting in investment and project appraisal / Wong Soon Heng

Wong, Soon Heng (2002) Capital budgeting in investment and project appraisal / Wong Soon Heng. Wahana Akademik, 1 (1). pp. 14-20. ISSN 1675-2414

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Abstract

This article critically evaluates the relative attractions of the Net Present Value (NPV) method in capital budgeting. The author argues for the NPV method over the Internal Rate of Return (IRR) method. The implications of inflation for investment appraisal are discussed in the later part of this article. The author opines that in capital budgeting, particularly for projects with a long life, the inflation factor cannot be ignored.

Item Type: Article
Uncontrolled Keywords: Capital Budgeting, Discounted Cash Flow, Inflation, Internal Rate Return, Investment Appraisal, Net Present Value
Subjects: H Social Sciences > HG Finance > Finance management. Business finance. Corporation finance > Capital budget. Capital investments. Fixed capital
Divisions: Universiti Teknologi MARA Kedah, Sungai Petani
Depositing User: Staf Pendigitan 1
Date Deposited: 01 Nov 2016 08:32
Last Modified: 01 Nov 2016 10:07
URI: http://ir.uitm.edu.my/id/eprint/11851

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