This document discusses the importance of capital budgeting techniques in international financial management and how they help in evaluating investment proposals. It covers topics like net present value, profitability index, payback period, and internal rate of return. The document also provides examples and calculations to illustrate the application of these techniques. The subject of the document is International Financial Management, and it is relevant for students studying finance or business management. The document does not mention a specific course code, course name, or college/university.