個案資料
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Valuing Rajat Bhatia’s Business Plan
內容大綱
A final-year student at a business school estimated the net present value (NPV) of his proposed business plan — a tourism and transport business in India — using three different methods and encountered different valuation results. He approached the professor who had taught him valuation concepts in a finance course and wanted to know the reasons for the difference.
學習目標
This case is designed for an MBA-level course in corporate finance. It is intended to provide students with a background to create the following statements and analysis:<ul><li>Estimation of cash flow using Free Cash Flow to Firm, Free Cash Flow to Equity, and Capital Cash Flow.</li><li>Measurement of cost of capital.</li><li>Valuation of a project.</li><li>Mismatch of valuation estimates.</li></ul><br>The case provides an opportunity to compare and review some of the popular cash flow valuation techniques.