When evaluating foreign projects, why is discounting residual cash flows to equity holders at the equity cost

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When evaluating foreign projects, why is discounting residual cash flows to equity holders at the equity cost of capital preferable to discounting free cash flows at the weighted cost of capital?

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International Corporate Finance Value Creation With Currency Derivatives In Global Capital Markets

ISBN: 9781119550464

2nd Edition

Authors: Laurent L. Jacque

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Question Posted: Mar 09, 2024 01:01 AM

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When evaluating foreign projects, why is discounting residual cash flows to equity holders at the equity cost

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International Corporate Finance Value Creation With Currency Derivatives In Global Capital Markets

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