This book explains the financial appraisal of capital budgeting projects.This textbook for advanced students and professionals in management and finance explains the financial appraisal of capital budgeting projects. It develops basic concepts, principles and techniques and applies them to case studies forestry on property and international investments. Resource constraints are introduced to the capital budgeting decisions with a variety of worked examples using linear programming technique. All calculations are extensively supported by Excel workbooks on the Web, and end of chapter questions.This textbook for advanced students and professionals in management and finance explains the financial appraisal of capital budgeting projects. It develops basic concepts, principles and techniques and applies them to case studies forestry on property and international investments. Resource constraints are introduced to the capital budgeting decisions with a variety of worked examples using linear programming technique. All calculations are extensively supported by Excel workbooks on the Web, and end of chapter questions.This book for advanced students and professionals in management and finance explains the financial appraisal of capital budgeting projects. It develops basic concepts, principles and techniques and applies them to case studies in forestry, property and international investments. Resource constraints are introduced to the capital budgeting decisions with a variety of worked examples using linear programming techniques. All calculations are extensively supported by Excel workbooks on the Web, and end of chapter questions.1. Capital budgeting: an overview; 2. Project cash flows; 3. Forecasting cash flows: overview, quantitative techniques, approaches; 4. Forecasting cash flows: qualitative methods; 5. Essential Formulae in project appraisal; 6. Project analysis under certainty; 7. Project appraisal under risk; 8. Sensitivity and break-even analysis; 9. SimulationlÓ6