Describe how income taxes affect the cash flows of a strategic investment. Describe the pros and cons of each of the capital budgeting methods…

Describe how income taxes affect the cash flows of a strategic investment.

Describe the pros and cons of each of the capital budgeting methods learned in this chapter: (a) net present value, (b) internal rate of return, (c) payback, and (d) accrual accounting rate of return.