合并中的财务(英文版)(ppt 63页)

Objectives :To Develop an understanding of
1. Principles of financing  Decisions and  appropriate Capital structures
2. Financial implications of a change in size  or circumstances 
3. Principles of risk management 
4. Effective management of Foreign  currency and related treasury transactions
5. Source of Capital and Capital anagement
Most Important Decision：
1. The Investment Decision often viewed as the most important decision.
2. Decision made now affects future returns.
3. Generally can’t reverse decision without significant loss of initial investment.
Lease V Buy Alternative Method (Page 241)
1. Financing  Decision
-Leasing V Outright purchase using after tax cost of borrowings as COC
2. Investment Decision
-Operating CF using WACC and incorporate PV of Best Financing Decision

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