Project valuation with WACC

0 5 词汇卡 guest3264447

问题		答案
What's the depreciation tax shield? 开始学习		tax rate. depreciation = depreciation tax shield
Calcule the depreciation: 开始学习		annual depreciation = (cost - salvage value)/ useful life
unlevered net income 开始学习		EBIT. (1 - Tax rate) = unlevered net income
what's included on CapEx? 开始学习		Initial investment + Spending on long-term assets (machines, buildings)
present value PV of the (interest) tax shield? 开始学习		NPV new - NPV old = PV tax shield