• Discuss capital budgeting and time value of money (TVM).
• Explain why time value of money is important to capital budgeting.
• Analyze potential financial investment risks, and explore the relevance of the capital asset pricing model (CAPM) in determining portfolio risks.
• Imagine that you have two projects competing for your team's time and you need to select the project that will offer the greatest financial return to the organization. Describe the process you would follow to quantify the financial value of each project and the factors that you would consider when selecting the best project for your team to work on.