... at eight motor manufacturers in the Eastern Cape and Gauteng provinces of South Africa. Findings The net present value (NPV) and internal rate of return criteria are the two most popular appraisals methods used in practice. Most respondents used multiple criteria before making substantial capital...

... that their companies use to evaluate capital investments, as well as to evaluate mutually exclusive projects. The results suggest that South African companies prefer to use the internal rate of return (IRR) and net present value (NPV) to evaluate capital investments. In addition, there appears to be a correlation...