16. Predictability. Predictability of future cash flows is essential to induce creditors to participate in project financing.
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16. Predictability. Predictability of future cash flows is essential to induce creditors to participate in project financing. How does financial leverage increase the risk in highly leveraged projects, and how do the cre- ators of investments financed by project financing manage to reduce the volatility of future cash flows?
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Related Book For
Fundamentals Of Multinational Finance
ISBN: 9780321541642
3rd Edition
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
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