The document discusses using a tax shield approach to evaluate potential projects, calculating operating cash flows and net working capital changes on a proforma basis for projects, and only including incremental amounts in the analysis to determine if the net present value is greater than zero.
The document discusses using a tax shield approach to evaluate potential projects, calculating operating cash flows and net working capital changes on a proforma basis for projects, and only including incremental amounts in the analysis to determine if the net present value is greater than zero.
The document discusses using a tax shield approach to evaluate potential projects, calculating operating cash flows and net working capital changes on a proforma basis for projects, and only including incremental amounts in the analysis to determine if the net present value is greater than zero.