International records / OpenAlex research

Capital budgeting - A case study of Lexar Business Support Limited

This study examines capital budgeting through a practical case study of Lexar Business Support Limited, a newly established travel and hospitality venture in Nigeria. The paper presents capital budgeting as a decision process for selecting long-term investments that maximize stakeholder value, emphasizing the role of time value of money, the cost of capital, and the need to avoid value loss from capital-intensive commitments. It reviews major appraisal techniques, including payback period, accounting rate of return (ARR), and discounted cash flow (DCF) approaches, with particular attention to …