第十七章杠杆企业的估价与资本预算.pptxVIP

ProspectusRecall that there are three questions in corporate finance.The first regards what long-term investments the firm should make (the capital budgeting question).The second regards the use of debt (the capital structure question).This chapter is the nexus of these questions.Chapter Outline17.1 Adjusted Present Value Approach17.2 Flows to Equity Approach17.3 Weighted Average Cost of Capital Method17.4 A Comparison of the APV, FTE, and WACC Approaches17.5 Capital Budgeting When the Discount Rate Must Be Estimated17.6 APV Example17.7 Beta and Leverage17.8 Summary and Conclusions17.1 Adjuste