Why does the NPV decision rule have difficulty in valuing managerial flexibility?

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Multinational Finance Evaluating Opportunities Costs and Risks of Operations

ISBN: 978-1118270127

5th edition

Authors: Kirt C. Butler

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Question Posted: Mar 25, 2016 07:22 AM

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Why does the NPV decision rule have difficulty in valuing managerial flexibility?

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The biggest difficulty lies in identifying the appropriate discount rate ...View the full answer

Multinational Finance Evaluating Opportunities Costs and Risks of Operations

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