CF2 Ch 11 Cash Flow Estimation and Risk Analysis 公司财务与金融 课件.pptVIP

CHAPTER 11 Cash Flow Estimation and Risk Analysis Estimating cash flows: Relevant cash flows Working capital treatment Inflation Risk Analysis: Sensitivity Analysis, Scenario Analysis, and Simulation Analysis Proposed Project $200,000 cost + $10,000 shipping + $30,000 installation. Economic life = 4 years. Salvage value = $25,000. MACRS 3-year class. Annual unit sales = 1,250. Unit sales price = $200. Unit costs = $100. Net operating working capital (NOWC) = 12% of sales. Tax rate = 40%. Project cost of capital = 10%. Incremental Cash Flow for a Project Project’s incremental cash flow is: Cor