内容简介：A standard procedure for evaluating a project is to forecast inceemental after-tax cash flows,excluding payments to capital providers,and discount them at a weighted average cost of capital (WACC)to obtain an estimate of the project's net present value (NPV)technique.APV is not a substitute for NPV as a capital budgeting decision criterion. Rather,it is an approach to computing NPV that is sometimes simpler,more accurate,or more informative than using the WACC.APV is sometimes referred to as "valuation in parts"or "valuation by components" ......
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