LO 13-1

Determine the payback period for an investment.

LO 13-2

Evaluate the acceptability of an investment project using the net present value method.

LO 13-3

Evaluate the acceptability of an investment project using the internal rate of return method.

LO 13-4

Evaluate an investment project that has uncertain cash flows.

LO 13-5

Rank investment projects in order of preference.

LO 13-6

Compute the simple rate of return for an investment.

LO 13-7

(Appendix 13A) Understand present value concepts and the use of present value tables.

LO 13-8

(Appendix 13C) Include income taxes in a net present value analysis.