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حسابداری و مالی::
جریان نقدی مورد انتظار
The net present value rule is a model of decision making that is deceptively simple.It estimates the expected cash flows over the life of a project, say,eight years,discounts them at the weighted average cost of capital, WACC, then subtracts out the initial investment, /Q, and if the answer is positive, the assumption is that the wealth of shareholders goes up and the project should be
The main difference between NPV methodology and real options is that the former discounts expected cash flows at a constant discount rate.
NPV implicitly assumes that no decisions will be made in the future-that all expected cash flows are precommitted.
Because the current value incorporates all information about expected cash flows, and any changes in the current value result from changes in expectations of future cash flows that are random by definition.
expected cash flows will be reflected as random movements in the investor's wealth and in the return on it.
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