To survive and prosper, a company must satisfy its customers. It must also produce
and sell products and services at a profit. In order to produce, it needs many assets—
plant, equipment, offices, computers, technology, and so on. The company has to decide
(1) which assets to buy and (2) how to pay for them. The financial manager plays
a key role in both these decisions. The investment decision, that is, the decision to invest
in assets like plant, equipment, and know-how, is in large part a responsibility of
the financial manager....