2025 CFA Level I Exam: Topic 3. Corporate Issuers - Learning Module 5. Capital Investments and Capital Allocation

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	1. Capital Investment describe types of capital investments
	2. Capital Allocation describe the capital allocation process, calculate net present value (NPV), internal rate of return (IRR), and return on invested capital (ROIC), and contrast their use in capital allocation
	3. Capital Allocation Principles and Pitfalls describe principles of capital allocation and common capital allocation pitfalls
	4. Real Options describe types of real options relevant to capital investments

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