Why is the NPV of a relatively long-term project (one for which a high percentage of its

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Why is the NPV of a relatively long-term project (one for which a high percentage of its cash flows occurs in the distant future) more sensitive to changes in the WACC than that of a short-term project?

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Fundamentals of Financial Management

ISBN: 978-0324664553

Concise 6th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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Question Posted: Oct 05, 2011 09:33 AM

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Why is the NPV of a relatively long-term project (one for which a high percentage of its

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The NPV is obtained by discounting future cash fl...View the full answer

Fundamentals of Financial Management

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