公司理财Chapter_11.pptVIP

11 Project Analysis and Evaluation Key Concepts and Skills Understand forecasting risk and sources of value Understand and be able to do scenario and sensitivity analysis Understand the various forms of break-even analysis Understand operating leverage Understand capital rationing Chapter Outline Evaluating NPV Estimates Scenario and Other What-If Analyses Break-Even Analysis Operating Cash Flow, Sales Volume, and Break-Even Operating Leverage Capital Rationing Evaluating NPV Estimates NPV estimates are just that – estimates A positive NPV is a good start – now we need to take a closer look Fo