Why does an adjusted net present value analysis treat the present value of financial side effects as

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Why does an adjusted net present value analysis treat the present value of financial side effects as a separate item? Isn’t interest expense a legitimate cost of doing business?


Net Present Value
What is NPV? The net present value is an important tool for capital budgeting decision to assess that an investment in a project is worthwhile or not? The net present value of a project is calculated before taking up the investment decision at...
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International Financial Management

ISBN: 978-0132162760

2nd edition

Authors: Geert Bekaert, Robert J. Hodrick

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