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该文主要讨论调整净现值(NPV)法在资本预算中的运用过程,重点探讨了为了计算出投资项目的APV值如何获得无杠杆公司的必需报酬率,同时论述了资本预算决策与融资结构决策的联系。
This article mainly discusses how to adjust the net present value (NPV) method in capital budgeting, and focuses on how to obtain the required rate of return of unlevered companies in order to calculate the APV value of investment projects. At the same time, it discusses the relationship between capital budget decision and financing structure The decision-making link.