Verified Document

Net Cash Flow For The Essay

While IRR base the value on rate of return, the ARR ignores the time value of money and it is not accounting based of return. Under ARR, depreciation is calculated in different methods such as accelerate or straight line, and the technique ignores the salvage value of the initial investment. 5. "Explain the relative significance of the unadjusted payback period in this decision situation."

Payback period assists in determining payback period in the life cycle of the project. Typically, it would be more than 8 years before NPV would become negative. However, the payback may not be useful in determining acceptance of a project because it ignores cash flow and does not consider time value for money after the payback in the life of a project.

Payback period is the time duration that is required to recoup the initial costs that has been committed in a project. The pay back period is the number of years that it will take cash flows from project to recover initial investment put in the project.

The relative significant of the unadjusted payback period in this situation is that payback period helps to determine the payback period in the project lifecycle. In the project, it would be more than 8 years before the Net Present Value (NPV) would be negative. Application of pay back is easy and it is easy to understand. Another significant of unadjusted pay back period is that it stress the period of recouping the investment put in the project.

The significant shortcoming of pay back period is that it ignores that cash...

Since payback period emphasizes on early recovery, it does not lay emphasis on the cash inflow after the payback period.
6. "Explain how the weighted average cost of capital should be used in capital budgeting analysis when utilizing the NPV method."

Weighted average cost of capital (WACC) should be used as discount rate in the project life cycle as well as to discount all cash flows. To determine the Net Present Value of a project, it is essential to discount the cash flows at weighted average cost of capital using the following formula:

NPV = "Present Value (PV) of the Cash Flows discounted at WACC."

Typically, the weighted average of capital is the cost of capital and the weight is the proportion of the total project value. By weighting the costs, it would be easy to obtain overall opportunity costs of all the dollars put in the investment.

7. "Explain how the weighted average cost of capital should be used in capital budgeting

Analysis when utilizing the IRR method."

The Internal Rate of Return should be compared with weighted average cost of capital in order to determine whether a project is viable or whether the project should be undertaken or not undertaken. If IRR is greater than WACC, it is revealed that the project should be undertaken. (Sullivan, Steven (2003).

References

Sullivan, a; Steven M.S. (2003). "Economics: Principles in action." Upper Saddle River, New Jersey 07458: Pearson Prentice Hall.

Sources used in this document:
References

Sullivan, a; Steven M.S. (2003). "Economics: Principles in action." Upper Saddle River, New Jersey 07458: Pearson Prentice Hall.
Cite this Document:
Copy Bibliography Citation

Related Documents

Net Cash/Income How Does Net Cash Flow
Words: 350 Length: 1 Document Type: Term Paper

Net Cash/Income How does net cash flow differ from net income and why is that difference relevant to financial decision making? Net cash flow takes in consideration the changes in short-term assets of an organization. Whenever a cash receipt is made then net cash flow is raised or when a bill or expense is paid then the net cash flow decreases. It is basically a measure of how much cash, or cash

Cash Flow Statement for the
Words: 656 Length: 2 Document Type: Research Proposal

Each section of the cash flow statement tells a different part of the firm's story. For example, it may be understood by management that significant amounts of their profits went into new buildings and equipment. What the cash flow statement does is isolates that information. Management and shareholders alike can extrapolate that data from the balance sheet, noting changes in fixed assets, but the presentation of the cash flow statement

Cash Flow and Marketing
Words: 1545 Length: 5 Document Type:

Airline Performance Review and Analysis TKL Air Lines will be an American Airline that will be operating in the multiple routes across North America in the United States, Canada and Mexico. TKL will provide the cargo and passenger services serving more than 30 destinations. The company will also be serving up to 10 million customers yearly, and more than 1,500 customers for the daily flight. TKL's major activities will include inbound

Walgreens' Cash Flow Using Its 2011 Annual
Words: 1508 Length: 4 Document Type: Assessment

Walgreens' cash flow using its 2011 annual report. Currently ranked as the largest drugstore chain in the U.S., Walgreens had its beginnings in 1901 when Charles R. Walgreen bought the Chicago drugstore where he worked as a pharmacist. Over the next two decades, Walgreen bought 20 additional stores, adding such features as soda fountains with luncheon service, as well as his own line of drug products. The company added

Cash Flow Sprague, 2008 . A
Words: 1331 Length: 5 Document Type: Research Proposal

A second challenge organizations face with cash flow management is being realistic with the amount of time it will take for them to receive revenues. This negatively affects cash flow projections that Sprague illustrates as being very important to a company's success. Companies are become slower and slower to pay their vendors, with 45 to 60 days becoming more the norm than the traditional 30 days, according to Feldman,

Net Present Value NPV -
Words: 949 Length: 3 Document Type: Research Proposal

Therefore, Clink should only utilize the lease option is the lease is valued at less than £230,000 per year. Some of the factors that might influence this decision would be the estimated life span of the machinery and the estimated resale value. The longer the estimated life span of the machinery and the greater the estimated resale value, the less likely the lease is to be a viable option. However,

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now