The capital budgeting decision : economic analysis of investment projects / Harold Bierman, Jr. and Seymour Smidt.

Includes bibliographical references and indexes.

Investment decisions and corporate objectives -- The time value of money -- Capital budgeting : the traditional solutions -- Mutually exclusive investments -- Annual equivalent costs and replacement decisions -- Capital budgeting under capital rationing -- The use of the weighted average cost of capital and other rates of discount -- The capital asset pricing model -- The cost of capital and capital structure -- Distribution policy and capital budgeting -- A firm investing in a second firm -- Investing in current assets -- Foreign investments -- The buy versus lease decision -- An introduction to real options -- Capital budgeting and inflation -- Reflections on the capital budgeting decision -- Cases.