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Early development of the subject
Opportunity Costs and Discounted Cash Flow
Comparison of Capital Investment Appraisal Methods
19 other sections not shown
15 per cent accounting Accounting Rate Adjusted Present Value analysis assets bank beta coefficient bonds capital allowances capital investment capital market capital projects Cash Flow changes company’s compute Corporation Tax Cost of Capital debt financing depreciation discount rate dividends earnings economic rents effect equity estimated example factor financial management firm firm’s forecasts Free Cash Flow funds increase incremental cash ﬂows industry inﬂation interest charges interest rates Internal Rate investment decision investors Journal of Finance lease payments loan London Business School market value measure merger method obtain option pence portfolio Present Value price-to-earnings ratio profitable purchase quoted companies rate of inflation rate of interest rate of return ratio reﬂect reinvestment repayment required rate result revenues risk class risk premium risky securities share price shareholders Stock Exchange stock market Stock Relief systematic risk Table tax advantage tax benefits tax rate valuation