Capital budgeting in investment and project appraisal / Wong Soon Heng

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 ar...

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Bibliographic Details
Main Author: Wong, Soon Heng (Author)
Format: Book
Published: UiTM cawangan Kedah, 2002.
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100 1 0 |a Wong, Soon Heng  |e author 
245 0 0 |a Capital budgeting in investment and project appraisal / Wong Soon Heng 
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520 |a 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. 
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690 |a Capital budget. Capital investments. Fixed capital 
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