vv-12 - Capital budget(Additivity problem Cash flow...

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Chapter 11 Cap Budgeting Decision Criteria 3 Criteria we prefer: All cash flows TVM RRR/Objective decision rule Payback – Why do we use it? NPV Go over NPV equation IRR Show how IRR is NPV equation with IO on LHS
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Unformatted text preview: Capital budget (Additivity problem) Cash flow patterns (e.g., negative signs, order of cash flow, size of project)...
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