Capital investment appraisal
. Capital investment appraisal is used to determine whether returns from proposed investment projects are positive or negative.

. Capital investment appraisal considers only the benefits to be gained from proposed investment projects.

. Capital investment appraisal is used to allocate scarce capital resources to the projects generating the lowest financial returns.

. Capital investment appraisal techniques are used to ensure that shareholders' returns from new investment projects are maximized.