Discounted Cash Flow

  • Jill Hussey
  • Roger Hussey
Chapter
Part of the Macmillan Business Masters book series (MMSB)

Abstract

In Chapter 19 we looked at two techniques of investment appraisal, the payback period and the accounting rate of return. However, as we discussed, both these techniques suffer from severe limitations. Because capital investment appraisal is so crucial to decision-making, managers need to use a technique that provides valuable financial information. Discounted cash flow (DCF) does just this.

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Copyright information

© Jill Hussey and Roger Hussey 1999

Authors and Affiliations

  • Jill Hussey
  • Roger Hussey

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