英文文献:A Comparison Of Alternative Net Present Value Formulations - Implications For Debt Capacity
英文文献作者:Fiske, John R.
英文文献摘要:
Two widely-used net present value formulas, the weighted average cost of capital formula and the return to equity formula are reconciled for both a single period and a multiperiod case. In both cases, the differences in NPVs emerging from the two formulas can be attributed to alternative assumptions about debt capacity.