Please note: This item is from our archives and was published in 2002. It is provided for historical reference. The content may be out of date and links may no longer function. I agree with the letter ...

Valuation sits at the heart of strategic decision-making. At its core, it is the trade-off between today’s capital and uncertain future cash flows. Like MIDR, WACC varies across industries, reflecting ...

Many companies use the discounted cash flow (DCF) approach as the primary technique of investment/project evaluation and capital budgeting process. This approach requires forecasting detailed cash ...

“Taking the Temperature of Health Care Valuations” (JofA, Oct.01, page 79) indicates the capital asset pricing model (CAPM) was used to derive the discount rate, which resulted in an “enterprise value ...

On March 18, San Antonio-based Valero Energy, the nation’s largest independent refiner, announced it would buy seven ethanol plants (with a combined annual nameplate capacity of 780 million gallons ...