Overall objective of a financial manager


Problem:

Go to Yahoo! Finance and type in GE (General Electric Co.) for Get Quotes. Under News and Info, check on Headlines. Go to headlines for Thursday, November 26, 2009 and read the article "GE Health care installs Russia's first GE high definition CT scanner at Moscow's Center of Medical Rehabilitation."

Explain the following concepts in the context of the article.

a) Capital Budgeting
b) WACC
c) The overall objective of a financial manager.

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Finance Basics: Overall objective of a financial manager
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