Principles of Corporate Finance

This book provides a comprehensive overview of corporate finance principles, starting with the foundational concept of the time value of money. The initial chapters introduce present value and discounted cash flow analysis, essential tools for assessing the worth of future cash flows in today's terms. As you progress, the book covers risk and return, explaining how to evaluate investment opportunities by considering both potential gains and associated risks. Chapters on capital budgeting guide you through making informed decisions on long-term investments, while sections on the cost of capital help you understand how companies finance their operations. With clear explanations and practical examples, this book is an excellent introduction for anyone looking to grasp the time value of money and its crucial role in financial decision-making within corporations