Economic Evaluation of Industrial Projects (Classic Reprint)

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Excerpt from Economic Evaluation of Industrial ProjectsIn a sense, a project is an exchange of IO for at. Managers give up an initial cash outlay Io (known with certainty) in exchange for a prospect AI (random) in hopes of promoting the welfare of holders of the firm's current shares. By current shares we mean those shares which were outstanding before time 0 and are still outstanding at time 0.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.