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6. From a purely discounted cash ows perspective, what are the important value determinants of HPI'S upcoming offering? How would you estimate Huaneng's cost of

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6. From a purely discounted cash ows perspective, what are the important value determinants of HPI'S upcoming offering? How would you estimate Huaneng's cost of capital? (a) Where could you get appropriate risk-adjusted ROE and borrowing cost data from? (b) How could you translate accounting based information into actual cash ow expecta- tions? What are potential pitfalls

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