br br Learning goals br 1- Understand the principles of discounting. br 2- Study the main investment appraisal criteria: net present value, internal rate of return, payback period. br 3- Learn how to use appraisal techniques to assess the profitability of an investment. br br Chapters br - Introduction br - Principles of discounting br - Profitability criteria for a project br - Applying the method br - Practical case - Beleos br br A word from the author br "Every day, businesses make investment decisions that put large amounts of money at stake. br This module explains how to analyse these investment decisions from a financial point of view. br It is aimed at anyone wanting to understand and apply investment appraisal techniques to determine whether an investment is profitable or not.