Expose students to a wide range of capital-budgeting issues, including: (1) the identification of relevant cash flows, (2) the critical assessment of a capital-investment evaluation system, (3) the classic "crossover" problem, in which project rankings disagree on the basis of net present value (NPV) and internal rate of return (IRR), and (4) the assessment of real option value latent in capital-investment opportunities such as the option to postpone the investment.