Principles of Finance is a first course in corporate finance. The course focuses on the study of the basic principles of finance and applying them to important decisions faced by the financial manager. The course covers the following topics: project analysis using the Net Present Value technique; risk and return for assets and projects; efficient capital markets; corporate capital structure and dividend policy; and derivatives. Specifically, cadets will learn how to value a project or a company using several different methods. Cadets will analyze an actual project or corporation using the techniques that they learn in the course. As the US Military continues to privatize many functions, knowledge of techniques used by corporations is becoming essential for our future Army leaders.