or tax-deferred assets, the rule-of-thumb estimate is not accurate. Its accuracy depends on the alternative's real rate of return, the investor's marginal income tax rate, the level of inflation, and the investment period. In general, the rule-of-thumb method's accuracy decreases as the ...
5 This might be thought of as the ‘option value’ of schooling, that is, a level of schooling may have a low rate of return by itself, but may generate a high rate of return if it provides the option for a very highly profitable investment, such as emigrating to a higher income lab...
In general, both post-tax cash flows and a post-tax discount rate must be used if the effects of taxation are to be correctly incorporated into an investment analysis. The adjustment of the pre-tax discount rate to a post-tax rate is often accomplished by using an estima...关键词:...
Rationale:Net Present Value(NPV)or Internal Rate of Return(IRR)calculations are designed tocalculate the return on the cost of investment,in cases where the capital expenditures have notbeen fully devalued this should be reflected as a cash inflow.Not to apply a residual value wouldimply that ...
In some cases (e.g., for regulators that want to define prices which allow a company to meet corporate tax liabilities and deliver a certain return on debt and equity), the pre-tax WACC is calculated as(3)WACCpre−tax=δCd+1−δ11−τCe,where 1 / (1- τ) is the tax wedge...
用手机看文档 下载 开通VIP HOTEL COST ESTIMATING GUIDE2010WASHINGTON, Calhoun Place, Suite 310Rockville, Maryland 20855BOSTON563 Main StreetWest Newbury, Massachusetts 01985SAN DIEGO701 Palomar Airport Road, Suite 300Carlsbad, California © 2010 Jonathan Nehmer + Associates, Inc. & HVScompassPublished ...
There may be some oil price where it becomes a major factor, but my guess is that the oil price where it becomes an important factor would be about $160/b or more (in 2018 $). Guym 03/11/2018 at 6:56 am To Dennis. 2010 was in the beginning of the new upswing. I bought an...
Campos, R., et al (2016), Estimating Top Income Shares Without Tax Return Data: Mexico since the 1990´s, Centro de Estudios Economicos, El Colegio de Mexico, Mexico.Campos Vazquez, R.M. and Chavez, E. (2016). `Estimating top income shares without tax return data: Mexico since the...
Officer, R. 1987. The required rate of return and tax imputation: estimating the effect of the imputation tax on investment appraisal. Australian Tax Forum 3: 405-417.The required rate of return and tax imputation: estimating the effect of the imputation tax on investment appraisal. Australian ...
or tax-deferred assets, the rule-of-thumb estimate is not accurate. Its accuracy depends on the alternative's real rate of return, the investor's marginal income tax rate, the level of inflation, and the investment period. In general, the rule-of-thumb method's accuracy decreases as the ...