Abstract
Most businessmen have at some time to decide whether or not to incur expenditure on new equipment, and such decisions are usually very important because of the long period over which they have an effect. This case study concerns a proposal to buy a rather expensive new machine. Some of the calculations involve discounting arithmetic and an understanding of basic discounted cash flow theory is assumed.
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© 1971 K. Midgley and R. G. Burns
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Midgley, K., Burns, R.G. (1971). Evaluating Returns from Long-term Investment. In: Case Studies in Business Finance and Financial Analysis. Business Case Studies. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-00981-7_4
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DOI: https://doi.org/10.1007/978-1-349-00981-7_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-11624-1
Online ISBN: 978-1-349-00981-7
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