The Basics of Capital Budgeting(英文版)(ppt 42页)
所属分类：财务知识
文件大小：237 KB
下载要求：10 学币或VIP
点击下载
资料简介：
..............................
The Basics of Capital Budgeting(英文版)内容提要：
What is capital budgeting?
Analysis of potential additions to fixed assets.
Long-term decisions; involve large expenditures.
Very important to firm’s future.
Steps：
1. Estimate CFs (inflows & outflows).
2. Assess riskiness of CFs.
3. Determine k = WACC (adj.).
4. Find NPV and/or IRR.
5. Accept if NPV > 0 and/or IRR > WACC.
What is the difference between independent and mutually exclusive projects?
Projects are:
independent, if the cash flows of one are unaffected by the acceptance of the other.
mutually exclusive, if the cash flows of one can be adversely impacted by the acceptance of the other.
..............................
上一篇：The Cost of Capital(英文版)(ppt 40页)
精品资料网 m.cnshu.cn
Copyright © 2004- 粤ICP备10098620号-1
