Flinch 发表于 2025-3-23 11:45:03
Valuation and Value Creationg the reciprocal equilibrium or disequilibrium. The net present value (NPV) is a measure of the degree of disequilibrium and its direction (positive or negative) determines project acceptability. The NPV is based on a risk-adjusted cost of capital, acting as the . (MARR). The latter may well be base否认 发表于 2025-3-23 13:54:40
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.冷峻 发表于 2025-3-23 21:47:19
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 inaneurysm 发表于 2025-3-24 01:51:07
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Internal Rate of Returnctions underlying the project’s activities (and, therefore, no relationship to the capital actually employed). Therefore, we advise practitioners to dispense with. We present two related approaches, the Modified-Internal-Rate-of-Return approach and Teichroew-Robichek-Montalbano model, discussing proparadigm 发表于 2025-3-24 08:46:27
Internal Average Rate of Return and Aggregate Return on Investmentistent approaches which are associated, respectively, with incomes, cash flows, and capitals. The three methodologies are logically equivalent; they produce the same value and the same decision. As a result, the analyst has a complete toolkit of approaches for appraising projects, conducting refinedVOC 发表于 2025-3-24 12:44:35
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http://reply.papertrans.cn/48/4750/474972/474972_18.pngPolydipsia 发表于 2025-3-24 22:52:05
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