Wong, Soon Heng
(2002)
Capital budgeting in investment and project appraisal / Wong Soon Heng.
Wahana Akademik, 1 (1).
pp. 14-20.
ISSN 1675-2414
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 Details
| Item Type: | Article |
|---|---|
| Creators: | Creators Email / ID Num. Wong, Soon Heng UNSPECIFIED |
| Subjects: | H Social Sciences > HG Finance > Financial management. Business finance. Corporation finance > Capital budget. Capital investments. Fixed capital |
| Divisions: | Universiti Teknologi MARA, Kedah > Sg Petani Campus |
| Journal or Publication Title: | Wahana Akademik |
| ISSN: | 1675-2414 |
| Volume: | 1 |
| Number: | 1 |
| Page Range: | pp. 14-20 |
| Keywords: | Capital Budgeting, Discounted Cash Flow, Inflation, Internal Rate Return, Investment Appraisal, Net Present Value |
| Date: | 2002 |
| URI: | https://ir.uitm.edu.my/id/eprint/11851 |
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