Cost of Capital in Investment Decisions
de Mézerac, Edouard
Which cost of capital should I use when valuing an investment?" The aim of this book is to provide an answer for corporate finance managers, industrial managers, MBA or finance students who have faced this very dilemma. Finance theory explicitly advocates that firms use a project-specific discount rate when valuing investment projects, or at least a rate specially tailored to each division within a multidivisional firm. Practitioners and schol...