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Net present value (NPV) is best defined as
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Asked 5/18/2014 10:56:10 PM
Updated 5/19/2014 7:10:06 AM
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User: Net present value (NPV) is best defined as

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ArslanBasit|Points 2025|

User: In perfect capital markets, the capital structure decision is

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Asked 5/18/2014 10:56:10 PM
Updated 5/19/2014 7:10:06 AM
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In finance, the net present value (NPV) of a time series of cash flows, both incoming and outgoing, is defined as the sum of the present values (PVs) of the individual cash flows of the same entity.
Added 5/19/2014 7:09:23 AM
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In perfect capital markets, the capital structure decision only affect who gets the firm's cash flows.
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