The Lillie Mae: A Capital Investment Project In Riverboat Restoration

Abstract

This case involves a proposed capital investment project. It was written for use in an introductory business finance course to present students a capital budgeting scenario involving elements of both an expansion project and a replacement project that is more complex than the usual textbook problems. It also provides students an exercise in the application of standard spreadsheet software to a common analytical problem in corporate finance, namely, a proposed capital expenditure.