Capital Budgeting at AES

September 6, 2017 | Author: Abhishek Anand | Category: Economic Institutions, Service Industries, Investing, Financial Economics, Economies
Share Embed Donate


Short Description

Download Capital Budgeting at AES...

Description

c ?  

  

      Operational / Technical Counterparty Credit / Performance Regulatory Construction Commodity Currency Contractual Enforcement / Legal Sum of individual scores = business specific risk score Premium (in bp)

  3.50% 7.00% 10.50% 14.50% 18.00% 21.50% 25.00%

         

  1 0.035 1 0.070 2 0.210 0 0.000 1 0.180 2 0.430 2 0.500 1.425 712.500

c YYÝ       Ý       ×   Y ×  Y   Y Y   Y YY Y ×  Y   Y YYY Y  !Y "#  Y    Y Y$YY %  Y "#  Y %  Y$& Y '( Y$& Y '( Y "#  Y )*+Y$YY YY$ & Y Y Y$&#$&  "#  Y  ,$Y$&#$& Y "#  Y - $Y .Y$YY /0$.Y$Y# "Y)+Y $YY$$ Y )*+Y$& Y1  Y$& Y" Y Y&$$.Y$   %& Y"Y)1  $+Y "#  Y 2$$.Y$  Y)$& Y "#  +Y )*+Y$& Y&Y$$Y# $ *Y&Y# $YY $$ Y1$  Y) Y $& Y"Y1  $YY Y Y Y Y # $ .+ )+Y$& Y1  Y&$ Y  YY$Y( &$ Y  YY( Y$Y$Y#$$# Y ) YY$& Y"Y1  $YY+Y  Y)+Y$& Y 3!%Y)*'+Y/!×%Y4/×Y5!×/6Y )*+Y$& Y&Y$$Y# $Y 8$$ Y# $Y &$ Y  YY$Y( Y 3$Y)+Y $Y# Y( Y

©

©

©



©

YYYYYYY  YYYYYYY  YYYYYYY 



                 

       



         



 

             

          

 

   

  





 







 

  

  





  ) +

 

 

) 7 + ) 7+ )7+ )7 +

7

)7 +  7

 7 )7 +   7

c YÝ      Ý       Ýc YY  YY    Y!  "  # $%#YY&   Y Y Y Y

p

'(Y  $%#Y$YY %  Y)%*YY* $%#Y$YY %+Y, -&. /( " Y'(Y Y ÝcÝc  c c   Y$#" Y)"  *Y'Y)"Y&Y' Y Y' "    Y Y' "   

Y & (

p



p





 p p  p p 

 p p   p  p

 p    p  

     p  p

      p

 p  p      

  pp   p p  p

pp p pp pp pp pp  

 p      p 

  p p      

 

'(Y)" Y'(Y)" )0&Y1 Y'(Y' "    Y' "     2&3Y # Y 2 &&  Y$ &Y Y%  ! &Y  (  #Y 2 Y # Y&4Y # Y' "   Y5Y&4Y #

p

p 

 

 

p 

 p  

p p p

pp   

p  p

  

    

    p p p

p p  pp p

p p   p

  p p 

 p 

 pp p 

 p p

p p p



   

p  p





 p p     p    

  p p p 

   





c m  

à  

m      ( -    6   *% +  2

      m 

)  *  0 1 "

  Ã       

   +)    

+ 

82

0  " " m

2 

    . 

8

 8  %   4  ) 

.  )m )   

0 1

    

 

                           !  "  #      "  $ %  # m 

+   , #    # -  .    "    ,

 & ,   "  

(         "  %     !&     2  33         4   5 !  "     7            "   "  5

   0  " 7     #   3     #   !  8,   

  "

        $  9  #" " %    8  4# !  2  ,   8  !&       ,         !  5   5  5   5   1 #     " "   

:    "   '     ,      %  '5     %  45 "

     7   ,     #  

 

  



 

! &'

 & !3

/  

  

 / !

 3/

'3 &

 3   &

& / 7 7! 

  

  

  

 

  

  

   

    ! 

cÃ



   

À  

( (

3 3

'/ !7

 

 

 

 

 ,

 

 !

( ( (

3 '/ &&

 '/ !3

, , ,

 ! ,

  !

,  !

 ! !

  ,

  

( ( (

&& && 3

 !& //

 ! ,

, , !

, ! 

,  

!  !

! ! 

! , !

&( (

!' 3

'/ 7

, ,

 !

 

 

 

 

 ,

( ( ( &( &(

&& 3 3 !' !'

!&  //' //' '/

, , , , ,

,  ,  ,

, , !  

! ,   

  !  

, , ,  

,  ,  

c V             6             ! "  # $%  !' % ()*    # + ++

    & & & 

c c       

    © ©  ©  ©  © © ©                     

c            

 

                  

   

                  

  

      

c c    u 

ñññññ

 ñññññ ñññññ  ñññññ

               

               

              

                  

                         

            

            

 

 

   

   

  

   

    

    

   

   





{ 

  

 

       

 ! " # $" %&"  %'" (& ( ) %(* )"$+  , -  " ,"

 



  

  {    

 

{   

     

3  

      

 

         

ñññññ

 

      

          

{     {    

             

                

 

 

 

 

 

    {  {     

    { 

 ! 

  

              

              

              

                  

                         

 #

!                     

u

  u

"                         

              



u

                      

View more...

Comments

Copyright ©2017 KUPDF Inc.
SUPPORT KUPDF