: Computing component costs (cost of equity via CAPM, cost of debt, and retained earnings) and identifying the optimal capital structure.

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: The text provides rigorous step-by-step applications of both traditional and modern evaluation techniques. Readers learn to contrast Net Present Value (NPV) with Internal Rate of Return (IRR), navigate the pitfalls of multiple IRRs in non-conventional cash flows, and apply Profitability Index (PI) for capital rationing. 2. Cost of Capital and Capital Structure Theories

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Always prioritize NPV as the primary decision tool. It measures the absolute wealth creation for shareholders.