第十七章杠杆企业的估价与资本预算
Chapter Outline
17.1 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 Conclusions
17.1 Adjusted Present Value Approach
The value of a project to the firm can be thought of as the value of the project to an unlevered firm (NPV) plus the present value of the ...