ABSTRACT
The objective of an investment decision is to acquire an asset (real or financial) for less than its value, this way corporate or personal wealth can be increased. Acquiring an asset for at least its value will maintain wealth or value. It would not make good financial sense to acquire an asset for more than its value as wealth would be eroded. From the corporate firm's point of view the financial manager's objective should be to invest in projects which add to corporate and shareholder value.
