Author: Arihant Goswami
Abstract: Capital budgeting is a critical financial management process that involves evaluating and selecting long-term investment projects to maximize the value of a firm. This paper provides a comprehensive overview of capital budgeting, exploring its importance, methods, challenges, and recent developments. The analysis encompasses the theoretical foundations of capital budgeting, practical applications, and the role of various stakeholders in the decision-making process.
Keywords: Capital Budgeting, Investment Appraisal, Financial Management, Long-Term Investments, Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period, Profitability Index (PI), Strategic Alignment.
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