The methods of appraisal and capital budgeting have gained a lot of attention from a longer time period, however there is certain risk associated with these decisions that may hinder in optimizing the available resources in order to raise the capital and result in increasing cost of capital and may erode the value of company. The significance of capital budgeting, and the use of the capital investment for making and developing the current appraising techniques can be estimated by the sum of investments, which are relatively large and the risks ...