PV Viswanath For a First Course in Finance 1 Incremental Cashflows 2 The objective of a manager is to maximize NPV Since NPV is the sum of the prices of future marketable flows we need to focus on cashflows and not on earnings flows ID: 272146
Download Presentation The PPT/PDF document "Forecasting Cashflows in Capital Budgeti..." is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.