These notes covers ACME.Com Company case study analyzing equipment replacement decision for anvil production. Current equipment purchased for $1.5 million 10 years ago can be sold for $100,000. New $2.5 million equipment offers $400,000 annual cost savings over 10-year life. Includes MACRS depreciation rates, tax calculations, and cash flow analysis methodology.
McKinsey’s CEO guide to corporate finance outlines four cornerstone principles for value creation: core-of-value (returns on capital and growth), conservation-of-value (only cash flows create value), expectations treadmill (market expectations drive performance requirements), and best-owner (businesses have different values to different owners). Covers mergers, divestitures, project analysis, and executive compensation strategies.
Evolution of finance from applied microeconomics to quantitative science covering firm-level applications. Examines investment vehicle, accounting, and contracts models of firms. Explores finance disciplines, interdisciplinary relationships, and core concepts including time value of money, portfolio theory, CAPM, and value creation.
Comprehensive introduction to macro-level finance covering financial system components including assets, intermediaries, and markets. Explores equity, debt, cash instruments, capital markets, money markets, treasury bills, commercial paper, certificate deposits, and government securities within India’s regulated financial environment.