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Learning Objectives
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Evaluate the acceptability of an investment project using the net present value method.

Evaluate the acceptability of an investment project using the internal rate of return method.

Evaluate an investment project that has uncertain cash flows.

Rank investment projects in order of preference.

Determine the payback period for an investment.

Compute the simple rate of return for an investment.

(Appendix 13A) Understand present value concepts and the use of present value tables.

(Appendix 13C) Include income taxes in a capital budgeting analysis.







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