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Target debt maintenance under alternative net present value specifications and implications for investment and finance decisions
(2010-03-22)
Two alternative specifications of weighted average cost of capital are prevalent in finance literature. Though both the specifications result in consistent accept/reject or ranking decisions the net present value arrived ...
On WACC specifications and capital structure decisions: some conceptual propositions for practicing managers
(2010-03-26)
Recent advances in our understanding of capital structure decisions have not yet made their mark upon our capital budgeting techniques and practices. This paper attempts to bridge this gap. In doing this, it offers a ...