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

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.

Metadata

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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11851

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