Why do net income and cash flow in the numerical examples in this chapter both grow at

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Why do net income and cash flow in the numerical examples in this chapter both grow at the same rate (g) in the terminal value period? Why is this important?

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Entrepreneurial Finance

ISBN: 978-0538478151

4th edition

Authors: J . chris leach, Ronald w. melicher

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Question Posted: Aug 13, 2012 10:13 PM

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Why do net income and cash flow in the numerical examples in this chapter both grow at

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After the explicit forecast period the steppingstone year provides the first ...View the full answer

Entrepreneurial Finance

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