From the case Target Corporation

Kenneth Eades, David Ding, Saul Yeaton

What do you think of Target's capital-budgeting process? What do you think of the role of real estate managers?

Which of the five CPRs should Doug Scovanner accept? Give a brief justification.

Why does Target use different hurdle rates for the store and credit cards? Do they seem reasonable? Address this problem on an intuitive level since we have not covered the theory in class yet.

Suppose that Target has a limit on Capex of $100 million. Which projects would you select?