充实每一天 发表于 2016-10-26 08:34
【加入充实计划】【了解充实计划】
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reding two hours about M&A valuation yesterday totalling 46 hours.
when a company has a large amount of net operating loss, we can do discount cash flow normally with margin tax rate. then we set up a worksheet to offset each years tax and get the current value of the NOL and add back to the dcf value. ( pay attention the tax benefits rules according to GAAP).