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نویسندگان
چکیده
The assessment of investment projects by the net present value method presupposes that the discount rate and the project deadline are known. In literature, however, it is commonly accepted that generally the discount rate cannot be determined with sufficient accuracy. Moreover, the project deadline is generally subject to negotiations. In this paper, we develop a procedure for computing the project net present value as a function of the discount rate and the project deadline. On the basis of this function, investment projects with uncertain discount rate and variable project deadline can be evaluated.
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