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Culture Documents
key
Mix =4 net ↑
count Met
rv
VAN forregaette:VAN =
g Nyo-F1+Uty((p-kll
van valuesidueleuique: VAN =
glento-felllea vtnl(ph
van a
dedinuuique: NNN =-to - Sesenfilipal utella
vanofluxanvel constants: VAN = (8 1
hit a totally th
Indice de Profitabilite: Mesure relative decreation be valeur Rapporte (a & actualized befor
at he din initial
[EtNec.May(t
* =1VANII
N.B. Recheck
chap & real
quick a call
feel de Rentability: Pie a
partir dequel pit decient rentable
=VAN = 0
As of VAN entire
your compares pits:
Cas de rationenent do cap: maximisa de richesse erect
par euro investic to privilegie
was de rationnement Your dent diff VAN
ducap: despite =
privilegize
VAN Positive: Creation de Val absolve
↑o Positif: Creation de Val relative
&(N(y vyy + -
Fy)(( +14)) 0 +
rentabilite annuelle
=>
tadique to
magene our
operate de linu
=>faux qui egalise les depenses(cordinal et has recettes lenseul antenant comple de
agout a pit
o
↳Tip repose car reinvest des fit or at has necessairement renderisque dupit) - as only be marche
ndic plot of cal not denotique
=>on cas de conflit, VAN a
privilegier
tauy bindifference: lequel to fact or
is evolucious pits sent egates
van ded
van -vANs =
-
F(+6(n5)((( ++() =
-
7=2(Ndi/(p+ +64
-drey-fieil((1++11 +15 1) - = 0
=>
a VAN suppose reinvest des flue inter own to -t dact ('aval acquise as entite act for so during
l TIP reinvest to tip lii
pris act
des flux or
suppose
van 2(N8+(((+())
=
-
26/Nt+1/+17)/(1+)- I.
=
+9:5eNfi/(++(4)) -
+6 =26+NT+(+1)/(+ +14) -
F = 0
w
* 12: flux inter
cap osop acequite content enterme de cost decapital
&VANGod LVAN
*3 =
k: VAN Glob = VAN
↑ Yo suppose
be reemple desfonds or fave deraine cod to fact dans cecds
tare
*
derivastisement (1 = +(4 =
1 +14an(1 =
t1y
de precision des
previsions des to be reinvestissement
Methode of flux brrvel equivalent que lespts pervent the dupliques does
&recondaire fictivement
despite or torme de leardure devie jusqua latention decieance commone
Jansey fluefiefffeeventeffecupliqueandanunits
officers
is
↳bldys 5
some. iffiequrdes
horizon edisonable
provision (once deff: 56
be
=some sent conduired on remore
andiphosage area
=
-
- +
11 k)7
+
placementbe complement
Tn.Fhif.py
No
acquire actualise
usk
=>
f7w
=
3 k =
=
17y( 1
=
v(k
fjyj
=
VANse SUANc
VAN Ajustic
=> Concerne pits dineficiant due findcostavantagescompareacelui on Marche
&
⑧
VANm -1-EdiY1+( -
2))
l
-air +in(p 37) -
=
8(5-6)/(1 iu)
+ -
37)