The primary objective of this course is to prepare you to use modern finance theory to better understand how companies are valued and to make capital allocation decisions that lead to long-run value maximization for the corporation. The emphasis of the course will be on applications and financial model building. A portion of the course deals with risk analysis for capital investment decisions. You will build spreadsheet models and be introduced to Monte Carlo simulation as a risk analysis tool. Simulation analysis has useful applications in other areas of corporate finance and investments, e.g., investment analysis, value-at-risk, portfolio management, and risk management. A special attention will be given to valuation and value-based management, i.e., merging financial, corporate, and business strategy to measure and manage the value of a corporation. Value-based management has become a very popular topic at many corporations, money management firms, investment banks, and consulting firms.