Chapter 15
1 Chapter 15 Capital Structure Decisions: Part I.
Ch. 15 -13ed Capital Structure DecisionsComboMaster.ppt
Capital Structure Decisions. 2 Value = + + ··· + FCF 1 FCF 2 FCF ∞ (1 + WACC) 1 (1 + WACC) ∞ (1 + WACC) 2 Free cash flow (FCF) Market interest rates Firm’s.