Publisher's Synopsis
Excerpt from Economic Evaluation of Industrial Projects
In 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 Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This 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.
