Financial management is one of the most essential areas of any organization. It begins with investment decision in long-term assets, that is, capital budgeting decision. Capital budgeting decision lays down the foundation stone of the financial management. That’s why the success of financial management depends on right capital budgeting application.
It is against this backdrop that the present book has been attempted. Its focus is to highlight the importance of an efficient capital budgeting decision in managing finances of a business enterprise. The objective of the book is, to develop not only an understanding of the concepts of capital budgeting but also to provide its practical dimension to help students to learn both theory and practice ...
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