Remove CAPM Remove Cost of Capital Remove DCF Remove Discounted Cash Flow
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Still Many Ways to Skin a Capital Cost

Harvard Business Review

Estimating the rate at which to discount the cash flows — the cost of equity capital — is an integral part of the exercise, and the choice of rate has a significant effect on estimates of a project's or a company's value. The same is true for the CAPM. ". That paragraph isn't my own writing.

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