Prerequisite(s): ECON 324 for Economics majors with Asset Management concentration; FINC 221 or FINC 300 for all other majors or minors. Restriction(s): Major or minor within the School of Business. This course introduces students to capital management and long-term financing decisions. It starts with the basics of the time value of money, then develops the general principals of valuation. Students will learn that capital investments are assessed using the net present (NPV) rule and other alternate capital budgeting methods such as the profitability index, payback, and internal rate of return (IRR). The course then explains project analysis and risk. Students will understand that cash flows can be affected by many factors, such as tax laws and inflation. Students will acquire the necessary decision-making tools to mitigate the impact of these risks on capital investment choices.