While developing Finance: Applications & Theory, McGraw-Hill engaged professors in a number of activities to better understand the goals, challenges, and successes involved in teaching the Undergraduate Corporate Finance course. We connected with more than 600 corporate finance instructors through reviews, focus groups, class tests, and course surveys. You spoke; we listened; and the result is a market-driven corporate finance book that will help students succeed in the classroom and in their careers.

Marcia Millon Cornett is the Rehn Professor of Business at Southern Illinois University at Carbondale. She received her B.S. degree in Economics from Knox College in Galesburg, Illinois, and her M.B.A. and Ph.D. degrees in Finance from Indiana University in Bloomington, Indiana. Dr. Cornett has written and published several articles in the areas of bank performance, bank regulation, and corporate finance 
Troy A. Adair Jr., Ph.D. (Ann Arbor, MI) is the coordinator and primary instructor for corporate finance at the University of Michigan. He is the author of Excel Applications to Accompany Corporate Finance with Excel Tutor.

Part I: Introduction 
Chapter 1: Introducing Financial Management 

Part II: Financial Statements 
Chapter 2: Reviewing Financial Statements 
Chapter 3: Analyzing Financial Statements and Planning 

Part III: Valuing of Future Cash Flows 
Chapter 4: Time Value of Money 1: Analyzing Single Cash Flows 
Chapter 5: Time Value of Money 2: Analyzing Annuity Cash Flows 

Part IV: Valuing of Bonds and Stocks 
Chapter 6: Valuing Bonds 
Chapter 7: Valuing Stocks 
Chapter 8: Understanding Financial Markets and Institutions 

Part V: Risk and Return 
Chapter 9: Characterizing Risk and Return 
Chapter 10: Estimating Risk and Return 

Part VI: Capital Budgeting 
Chapter 11: Calculating the Cost of Capital 
Chapter 12: Estimating Cash Flows on Capital Budgeting Projects 
Chapter 13: Weighing Net Present Value and Other Capital Budgeting Criteria 
Part VII: Capital Structure Issues 
Chapter 14: Addressing Long-term Debt, Equity, and Capital Structure 
Chapter 15: Sharing Firm Wealth: Dividends, Share Repurchases and 
Other Payouts 
Chapter 16: Issuing Capital and the Investment Banking Process

Part VIII: Working Capital Management 
Chapter 17: Addressing Working Capital and Managing Short-Term Assets 
and Liabilities 

Part IX: Other Topics in Finance 
Chapter 18: Considering International Aspects of Corporate Finance 
Chapter 19: Managing Mergers and Acquisitions and Financial Distress