In January 1993, the Committee of Senior Officials of the company has to decide which major projects the company should fund for immediate implementation. The Board of Directors arbitrarily set limit European currency units (ECUs) to spend 80 million on capital projects in 1993. But different managers proposed projects totaling ECU208 million. Students must complete estimate of discounted cash flow (DCF) analyzes are presented along with qualitative factors (mainly strategic considerations and internal politics) and to select the projects that will be approved. "Hide
by Robert F. Bruner, Casey Opitz C. Source: Darden School of Business 13 pages. Publication Date: February 19, 1993. Prod. #: UV2334-PDF-ENG
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