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Project Appraisal net future value, NFV), taking into account various perspectives: investment vs. financing, levered vs. unlevered, financial structure vs. capital structure, standard discounting vs. modified discounting, actual cash flows vs. potential dividends. We present 12 discountedcash- flow methods.constitute 发表于 2025-3-22 06:51:01
The Quest for a Relative Approach, providing insights for the role of the capital (scale) in bridging the gap between relative measures of worth and absolute measure of worth. Specifically, we suggest that the amount of capital is the missing, long sought-after link between rate of return and NPV, an insight which will be proved in the following chapters.切割 发表于 2025-3-22 11:56:41
Carlo Alberto MagniProvides a new approach to the financial modeling of capital asset investments.Introduces a novel way of linking finance and accounting with engineering decision-making.Includes a unified theory of in加入 发表于 2025-3-22 14:53:30
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Dynamics. The Law of Motionital) by means of two sources of increase/decrease: Income and cash flow. The dynamics of an economic system is characterized by the ., which may also be framed in terms of income rate, whence the time value-of-money principle is derived. Finally, we define a project as an incremental system and cla阴谋 发表于 2025-3-23 00:51:57
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Estimating the Cash Flowslow from non-operating assets, free cash flow, cash flow to debt, cash flow to equity. We present the NOPAT and the unlevered operating return on investment (ROI), and express the return on equity (ROE) as a function of debt/equity ratios. We also consider the potential dividends (aka free cash flow