Timing
w Even projects with positive NPV may be
more valuable if deferred.
w The actual NPV is then the current value of
some future value of the deferred project.
r t
t
( 1 )Current NPV Net future value^ as^ of^ date^
+=
barry
(Barry)
#1
Timing
w Even projects with positive NPV may be
more valuable if deferred.
w The actual NPV is then the current value of
some future value of the deferred project.
r t
t
( 1 )Current NPV Net future value^ as^ of^ date^
+=