Chapter_06Making Investment Decisions with the Net Present Value Rule-公司金融,英文版幻灯片.pptVIP

Making Investment Decisions with the Net Present Value Rule;Topics Covered;What To Discount;What To Discount; Be consistent in how you handle inflation!! Use nominal interest rates to discount nominal cash flows. Use real interest rates to discount real cash flows. You will get the same results, whether you use nominal or real figures;Inflation;Inflation;Inflation;IMC’s Guano Project;IMC’s Guano Project;IMC’s Guano Project;IMC’s Guano Project;IMC’s Guano Project;IMC’s Guano Project;IMC’s Guano Project;Equivalent Annual Cost;Equivalent Annual Cost;Example Given the following costs of operating