Most finance courses espouse the gospel of discounted cash flow (DCF) analysis as the preferred valuation methodology for all cash flow-generating assets. In theory (and in college final examinations) ...

First, project your annual sales by taking the number of vehicles repaired per year times the average RO # (Figure 1). Many ...

The second term represents the first cash flow, perhaps for the first year, and it may be negative if the project is not profitable in the first year of operations. The third term represents the ...