This technical note compares two methods of treating debt usage in discounted-cash-flow valuation of investment projects or companies. The note demonstrates that the approach using weighted average cost of capital (WACC) and the approach using equity residual (ER) yield equivalent results if consistent assumptions are used. General features are illustrated with specific examples, including a spreadsheet.

【書誌情報】

ページ数：5ページ

サイズ：A4

商品番号：HBSP-UV2485

発行日：2000/9/19

登録日：2017/3/9