Ch 7 Capital budgeting Under U(公司理财(哈工大深圳研究生院,王苏生)new.pptVIP

HIT SGS CORPORATION FINANCECHAPTER 7 CAPITAL BUDGETING UNDER UNCERTAINTY ?This manuscript was prepared by the faculty. Dont distribute or reproduce any part of it without a written consent of the author. Capital Budgeting UnderUncertainty We are now ready to combine our analysis of risk and return with our study of discounting to arrive at techniques for capital budgeting when risk is present We will DISCOUNT EXPECTED CASH FLOWS AT THE OPPORTUNITY COST OF CAPITAL The opportunity cost of capital is the rate of return expect