财务管理基础 financial management 清华大学出版社ppt12.pptVIP

Chapter 12;After Studying Chapter 12, you should be able to:;Capital Budgeting and Estimating Cash Flows;What is Capital Budgeting?;The Capital Budgeting Process;The Capital Budgeting Process;Classification of Investment Project Proposals;Screening Proposals and Decision Making;Estimating After-Tax Incremental Cash Flows;Estimating After-Tax Incremental Cash Flows;Tax Considerations and Depreciation;Depreciation and the MACRS Method;MACRS Sample Schedule;;;Sale or Disposal of a Depreciable Asset;Corporate Capital Gains / Losses;Calculating the Incremental Cash Flows;Initial Cash Outflow;Incremental Cash Flows;Terminal-Year Incremental Cash Flows;Example of an Asset Expansion Project;Initial Cash Outflow;Incremental Cash Flows;Terminal-Year Incremental Cash Flows;;Remember, you can use Excel - Very Valuable!!;Example of an Asset Replacement Project;Initial Cash Outflow;Calculation of the Change in Depreciation;Incremental Cash Flows;Terminal-Year Incremental Cash Flows;Remember, you can use Excel - Very Valuable!!;Summary of Project Net Cash Flows