Preface ....................................................... xix
Acknowledgments ............................................. xxvii
Chapter 1  Overview of Valuation ................................ 1
PART I   Project Analysis Using Discounted Cash Flow (DCF) ..... 19
Chapter 2  Forecasting and Valuing Cash Flows 20 chapter 3 
           Project Risk Analysis ............................... 53
PART II  Cost of Capital ....................................... 97
Chapter 4  Estimating a Firm's Cost of Capital ................. 98
Chapter 5  Estimating Required Rates of Return for Projects ... 151
PART III  Financial Statements and Valuation .................. 185
Chapter 6  Forecasting Financial Performance .................. 186
Chapter 7  Earnings Dilution, Incentive Compensation, and
           Project Selection .................................. 222
PART IV  Enterprise Valuation ................................. 257
Chapter 8  Relative Valuation Using Market Comparables ........ 258
Chapter 9  Enterprise Valuation ............................... 312
Chapter 10 Valuation in a Private Equity Setting .............. 354
PART V   Futures, Options, and the Valuation of Real 
         Investments .......................................... 395
Chapter 11 Using Futures and Options to Value Real 
           Investments ........................................ 398
Chapter 12 Managerial Flexibility and Project Valuation:
           Real Options ....................................... 436
Chapter 13 Strategic Options: Evaluating Strategic
           Opportunities ...................................... 481
Epilogue ...................................................... 509
Index ......................................................... 511
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