ppt课件-the financing decision- n y u stern（融资决策- n y u船尾）.pptVIP

Finding the Right Financing Mix: The Capital Structure Decision Aswath Damodaran First Principles Invest in projects that yield a return greater than the minimum acceptable hurdle rate. The hurdle rate should be higher for riskier projects and reflect the financing mix used - owners’ funds (equity) or borrowed money (debt) Returns on projects should be measured based on cash flows generated and the timing of these cash flows; they should also consider both positive and negative side effects of these projects. Choose a financing mix that minimizes the hurdle rate and matches the assets being fi