A First Course in Corporate Finance

Aside from teaching the necessary background, the two primary goals of this first part of the book is to explain how to work with rates of return, and how to decide whether to take or reject investment projects. The method of our book is to start with “simple” scenarios and then build on them.For any tool to work in a more complex scenario, it has to also work in the simpler scenario, so what you learn in earlier chapters lays the ground work for later chapters.