Browsing Centre for Applied Research at NHH (SNF) by Subject "asset pricing"
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Discounted cash flow and modern asset pricing methods : project selection and policy implications
(Working Paper, Working paper, 2002-06)We examine the differences in the net present values (NPV's) of North Sea oil projects obtained using the Weighted Average Cost of Capital (WACC) and a Modern Asset Pricing (MAP) method which involves the separate discounting ...