Asset Betas
Cash flow = revenue - fixed cost - variable cost
PV(asset) = PV(revenue) - PV(fixed cost) - PV(variable cost)
or
PV(revenue) = PV(fixed cost) + PV(variable cost) + PV(asset)
Asset Betas
Cash flow = revenue - fixed cost - variable cost
PV(asset) = PV(revenue) - PV(fixed cost) - PV(variable cost)
or
PV(revenue) = PV(fixed cost) + PV(variable cost) + PV(asset)