Discounted-cash-flow (DCF) techniques form the basis of most corporate-investment decisions. Many practitioners, however, claim to be dissatisfied with traditional methods of appraisal. In this paper, we survey DCF and more recent methods of evaluating cyclical projects.
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Paper provided by Universite Aix-Marseille III in its series G.R.E.Q.A.M. with number
96b08.
Length: 22 pages Date of creation: 1996 Date of revision: Handle: RePEc:fth:aixmeq:96b08
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