高手请帮忙翻译一下吧 谢谢了

来源:百度知道 编辑:UC知道 时间:2024/05/25 05:40:03
1)The NPV is greatly influenced by the discount rate. Thus selecting the proper discount rate - the project "hurdle rate" - is critical to making the right decision. The hurdle rate is the minimum acceptable return on an investment - i.e. the project appropriate discount rate.

The hurdle rate should reflect the riskiness of the investment, typically measured by volatility of cash flows, and must take into account the financing mix. Managers use models such as the CAPM or the APT to estimate a discount rate appropriate for a particular project, and use the weighted average cost of capital (WACC) to reflect the financing mix selected

2 In many cases, for example R&D projects, a project may open (or close) paths of action to the company, but this reality will not typically be captured in a strict NPV approach.

3 Management must also attempt to match the financing mix to the asset being financed as closely as possible, in terms of both timing a

1.净现值的影响较大的折扣率. 因此选择适当的折现率的项目"跨栏速度" ,关键是要作出正确的决定. 跨栏速度是可接受的最低回报率的投资,即项目适当的贴现率.
2.在许多情况下,例如研发项目,一个项目可能开放(或关闭)的行动路径,向该公司 但这种现实通常不被抓获,在严格的净现值方法.
3.管理还必须尝试匹配的融资组合中的资产作为融资尽可能密切 无论从时间和现金流量.