The book "Capital Budgeting" explains how to evaluate financial projects. It covers basic concepts, techniques, and their real-world applications. The book shows how to identify and estimate cash flows, use project appraisal formulas, and evaluate projects using criteria like NPV and IRR. Risk analysis is also discussed using various methods. The book applies NPV and IRR models to forestry, property, and international investments. It also introduces resource constraints in decision-making using linear programming. Excel workbooks are available for calculations, and each chapter has review questions.