The Asset Investment Decision (Capital Budgeting), James Tompkins

The Asset Investment Decision (Capital Budgeting), James Tompkins

This is the third lecture of the Corporate Finance series in which I discuss what I call the "Asset Investment" decision or what is more commonly referred to as "Capital Budgeting". For example, the decision that Apple made to spend money developing the iPhone would be an asset investment decision. I begin by assuming the "relevant" cash flows ...

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