This text investigates the fundamental principles of evaluating the economic viability of engineering projects and capital investments. The authors, Donald G. Newnan, Ted G. Eschenbach, and Jerome P. Lavelle, utilize a structured pedagogical approach to explain how engineers can integrate financial considerations into technical design decisions. The book provides a comprehensive framework for comparing alternatives, calculating interest, and assessing risk in industrial and infrastructure development.

This book is widely recognized as a foundational text in undergraduate engineering curricula for its clear explanation of complex financial concepts. Readers frequently note the academic density of the prose and the extensive use of practical problem sets to reinforce technical proficiency.