Hodnocení efektivnosti investičního projektu

Abstract

The Bachelor thesis deals with an assessment of an investment project. The aim of the thesis is verification of economic efficiency of a specific company’s investment project and the subsequent decision whether to carry out the investment. This was achieved by using static and dynamic criteria, namely the application of net present value method, profitability index, internal rate of return, simple and dynamic payback method, return of the capital employed on a long-term basis and average annual cost. The first chapter focuses on the definition of theoretical concepts relating to investments and investment decision-making. Furthermore, the classification of investment projects is provided and phases of the investment process and investment cash flows are characterized. The second chapter describes economic evaluation criteria for investment projects and related calculation methodology. A part of the chapter explains the cost of capital. The calculations in the practical part demonstrate that the investment is effective according to all applied criteria, it contributes to the growth of the market value of the company and it would be therefore beneficial to carry the investment out.