capital budgeting

Unsatisfactory

Emerging

Proficient

Exemplary

Assignment Components

Correctly calculated the NPV for each project and explained its meaning and significance to the firm. (5 points for each project)

(CO 1, 2, 3, 4)

Calculation of NPV for each project and explanation are limited or missing entirely.

Calculation of NPV for each project and explanation are inaccurate, incomplete, or underdeveloped. Important concepts are not discussed fully.

Calculation of NPV for each project and explanation are accurate, complete, and supported and demonstrate understanding of key concepts.

Calculation of NPV for each project and explanation demonstrate a thorough understanding of concepts, supported by research, and provide thoughtfully considered insights.

Correctly calculated the IRR for each project and explained its meaning and significance to the firm. (5 points for each project)

(CO 1, 2, 3, 4)

Calculation of IRR for each project and explanation are limited or missing entirely.

Calculation of IRR for each project and explanation are inaccurate, incomplete, or underdeveloped. Important concepts are not discussed fully.

Calculation of IRR for each project and explanation are accurate, complete, supported and demonstrate understanding of key concepts.

Calculation of IRR for each project and explanation demonstrate a thorough understanding of concepts, supported by research, and provide thoughtfully considered insights.

Correctly selected the projects in which the company should invest.

Justified the conclusions.

(CO1, 2,3,4)

Selection of projects in which the company should invest and justification for the conclusions is limited or missing entirely.

Selection of projects in which the company should invest and justification for the conclusions is incomplete, or underdeveloped. Important concepts are not discussed fully.

Selection of projects in which the company should invest and justification for the conclusions are well-written and complete and demonstrateunderstanding of key concepts.

Selection of projects in which the company should invest and justification for the conclusions demonstrate thorough understanding of concepts, supported by research, and provide thoughtfully considered insights.

Correctly determined the external financing requirement, assuming the current dividend policy is maintained.

Justified the response.

(CO1, 2,3,4,5)

Determination of the external financing requirement and justification of the response is limited or missing entirely.

Determination of the external financing requirement and justification of the response is inaccurate, incomplete, or underdeveloped.

Determination of the external financing requirement and justification of the response is well-written and complete and demonstrates understanding of key concepts.

Determination of the external financing requirement and justification of the response demonstrate thorough understanding of concepts, supported by research, and provide thoughtfully considered insights.

Correctly determined the external financing requirement, assuming that a 50% payout ratio is maintained.

Justified the response.

(CO1, 2,3,4,5)

Determination of the external financing requirement and justification of the response are limited or missing entirely.

Determination of the external financing requirement and justification of the response are inaccurate, incomplete, or underdeveloped.

Determination of the external financing requirement and justification of the response are well-written and complete and demonstrate understanding of key concepts.

Determination of the external financing requirement and justification of the response demonstrate thorough understanding of concepts, supported by research, and provide thoughtfully considered insights.

Correctly determined the external financing requirement, assuming it is a residual decision.

Justified the response.

(CO1, 2,3,4,5)

Determination of the external financing requirement and justification of the response is limited or missing entirely.

Determination of the external financing requirement and justification of the response is inaccurate, incomplete, or underdeveloped.

Determination of the external financing requirement and justification of the response is well-written and complete and demonstrates understanding of key concepts.

Determination of the external financing requirement and justification of the response demonstrate thorough understanding of concepts, supported by research, and provide thoughtfully considered insights.

Correctly identified the dividend policy that minimizes the external financing level.

Justified the response.

(CO1, 2,3,4,5)

Identification of the dividend policy that minimizes the external financing level and justification of the response are limited or missing entirely.

Identification of the dividend policy that minimizes the external financing level and justification of the response are inaccurate, incomplete, or underdeveloped.

Identification of the dividend policy that minimizes the external financing level and justification of the response are well-written and complete and demonstrate understanding of key concepts.

Identification of the dividend policy that minimizes the external financing level and justification of the response demonstrate thorough understanding of concepts, supported by research, and provide thoughtfully considered insights.

Writing Components

Organization

Introduction

Thesis

Transitions

Conclusion

Introduction is limited or missing entirely.

The paper lacks a thesis statement.

Transitions are infrequent, illogical, or missing entirely.

Conclusion is limited or missing entirely.

Introduction is present but incomplete or underdeveloped.

The paper is loosely organized around a thesis that may have to be inferred.

Transitions are sporadic.

Conclusion is present, but incomplete or underdeveloped.

Introduction has a clear opening, provides background information, and states the topic.

The paper is organized around an arguable, clearly stated thesis statement.

Transitions are appropriate and help the flow of ideas.

Conclusion summarizes main argument and has a clear ending.

Introduction catches the reader’s attention, provides compelling and appropriate background info, and clearly states the topic.

The paper is well organized around an arguable, focused thesis.

Thoughtful transitions clearly show how ideas relate.

Conclusion leaves the reader with a sense of closure and provides concluding insights.

Usage and Mechanics

Grammar

Spelling

Sentence Structure

Writing contains numerous errors in spelling, grammar, and/or sentence structure that severely interfere with readability and comprehension.

Errors in spelling and grammar exist that somewhat interfere with readability and/or comprehension.

Writing follows conventions of spelling and grammar throughout. Errors are infrequent and do not interfere with readability or comprehension.

The paper is basically error free in terms of mechanics. Grammar and mechanics help establish a clear idea and aid the reader in following the writer’s logic.

APA Elements

Attribution

Paraphrasing

Quotations

No attempt at APA format.

APA format is attempted to paraphrase, quote, and cite, but errors are significant.

APA format is utilized to accurately paraphrase, quote, and cite in many spots throughout the paper when appropriate or called for. Errors present are not major.

APA format is utilized to accurately paraphrase, quote, and cite throughout the paper when appropriate or called for. No errors or only few minor errors are present.

Style

Audience

Word Choice

Writing often slips into first and/or second person. Word choice is consistently inaccurate, unclear, or inappropriate for the audience.

Writing sometimes slips into first and/or second person. Word choice is sometimes inaccurate, unclear, or inappropriate for the audience.

Writing remains in third person throughout writing. Word choice is accurate, clear, and appropriate for the audience.

Writing remains professional in third person throughout writing.

Word choice is precise, appropriate for the audience, and memorable.