Capital Budgeting Techniques ∑B(1+)--∑C(1+1)-1 LEV=t=0 (1-(1+1)-7 o The lev calculates the present value of an infinite series of projects(rotations). o LEV is applied just like NPV in making investment decisions, with positive LE Vs inferring investment acceptability and negative LEVs suggesting project rejection.Capital Budgeting Techniques u The LEV calculates the present value of an infinite series of projects (rotations). u LEV is applied just like NPV in making investment decisions, with positive LEVs inferring investment acceptability and negative LEVs suggesting project rejection. T T t t t T t t t i B i C i LEV              (1 (1 )) (1 ) (1 ) 0 0