Project financial appraisal

Systematize the theoretical issues of financial appraisal of the enterprises’ projects; analyze and evaluate the current status of financial appraisal of projects at HUD; propose solutions to complete the financial appraisal of projects at HUD.

27p caygaocaolon10 19-02-2021 33 3   Download

“A systematic framework for economic appraisal of proposed public and private projects from a public interest point of view” – based on Benefit-Cost Analysis: Financial and Economic Appraisal using Spreadsheets by H. Campbell & R. Brown (Cambridge University Press, 2003)

17p muaxuan102 21-02-2013 63 3   Download

Chapter 1 introduces the concept of capital budgeting, and sets out the structure of the book. The important points are: Capital budgeting is the most significant financial activity of the firm. Capital budgeting determines the core activities of the firm over a long term future. Capital budgeting decisions must be made carefully and rationally.

13p muaxuan102 21-02-2013 77 21   Download

In the financial appraisal of a project, the cashflow statements are constructed from two points of view: the Total Investment (TI) Point of View and the Equity Point of View. One of the most important issues is the estimation of the correct financial discount rates for the two points of view. In the presence of taxes, the benefit of the tax shield from the interest deduction may be excluded or included in the free cashflow (FCF) of the project. Depending on whether the tax shield is included or excluded, the formulas for the weighted average cost of capital (WACC) will be different.

29p ziwan 10-03-2009 468 101   Download