Author Description

Capital investments are fundamental to economic growth, and constitute one of the most important, but also one of the more complex, decision areas in business enterprise. The authors have undertaken to present the theory and principles of capital investment evaluation and decision making in a logical, systematic, easy to follow format, presupposing no advanced financial, statistical or mathematical knowledge on the part of the reader. Concepts and terms are clearly defined and extensive use is made of practical examples and problems to illustrate and explain theoretical as well as practical aspects in real-world business situations.