DISCUSSION BLOCK # 2 - CAPITAL BUDGETING - MEAT AND BONES

1. define and give examples of:
   1. Hurdle Rate
   2. Net Present Value
   3. IRR
   4. MIRR
   5. Payback Period
   6. Time Value Adjusted Payback Period
   7. Profitability Index

DISCUSSION BLOCK # 3 - MAIN TOPIC TERMS

1. Define capital budgeting.
2. Select any two of these that you wish and describe how that term, that concept it represents, affects Capital Budgeting.
   1. Incremental earnings
   2. Interest expenses
   3. Taxes
   4. Opportunity costs
   5. Externalities
   6. Sunk costs
   7. Cannibalization or erosion
   8. Depreciation
   9. Salvage value