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标题: equity: RI: equity charge and capital charge [打印本页]

作者: SkipE99    时间: 2011-7-12 13:43     标题: equity: RI: equity charge and capital charge

will these two approach give the same firm value?
is the capital charge on the EVA method? Thanks
作者: chandsingh    时间: 2011-7-12 13:53

Don't have notes in front of me, but you use equity charge when dealing with NI because interest exp on debt has already been taken out and you only have the required return on equity to subtract. you use capital charge when dealing with nopat because both equity and debt charges need to be subtracted. they should have same answer I think.




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