This paper addresses a theoretical weakness inherent in the typical application of the net present value approach to …

The paper compares the Net Present Value and the Internal Rate of Return Methods paying particular attention to … Present Value Method.  … those used to‐date, it is shown that the reinvestment assumption should not concern analysts, provided they use the Net …

and holding costs related to capital tied up in inventory and physical stock holding. The net present value (NPV …

be compared based on the net present value model. This study suggests that even a low corporate tax rate combined with …