1.3. OVERVIEW OF THIS BOOK 15
taxes (Chapter 20). In Chapter 21 we see how to do the actualNPV, extending the
usual two-step approach—NPVfollowed by AdjustedNPVto take into account the
aspects of financing, relevant in imperfect markets—to a three-step version to sep-
arately handle intra- and extra-company financial arrangements. We conclude with
an analysis of joint-venture projects, whereNPVis mixed with the issue of designing
a fair profit-sharing contract (Chapter 22).
Here we go, then.