Abstract
Investments can be considered from different points of view. According to the cash flow oriented perspective an investment project can be characterised by a stream of cash flows starting with an initial investment outlay — a cash outflow. The basic task for investment decision-making then will be to ascertain whether the future benefits from the investment will make the initial outlay worthwhile.
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© 2008 Springer-Verlag Berlin Heidelberg
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(2008). Capital Budgeting and Investment Decisions. In: Investment Appraisal. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-39969-8_1
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DOI: https://doi.org/10.1007/978-3-540-39969-8_1
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-39968-1
Online ISBN: 978-3-540-39969-8
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