This method is a variation of the discounted cash flow method that assumes some minimum desired rate of return. 此方法是贴现现金流方法(该方法假定了一个最小期望回报率)的一个变体。
Basic finance theory tells us that a company's value reflects long-run cash flows discounted to the present at the rate of return that investors expect ( cost of capital). 基础金融理论告诉我们,公司价值反映的是以投资者预期回报率(资金成本)折现的长期现金流。
Only discounted cash-flow rate of return ( DCFROR), however, indicates specifically how much return the project will give on the invested dollars. 然而只有贴现回报资金流动率(DCFROR)专门指出方案在投入资金以后的回报效益。