在投资项目评估中,较常用的一种方法是贴现现金流量(DCF)模型,其基本思想是选定贴现率,将投资项目未来现金流量折现到某一时点并与投资额相比较。模型运用的原理及计算方法比较简单,真正的难点和容易忽略的地方是未来现金流量的估计和贴现率的选择。本文主要针对模型运用中这两 One of the more commonly used methods in evaluating investment projects is the Discounted Cash Flow (DCF) model, whose basic idea is to choose a discount rate that discounts the future cash flows of an investment project to a point in time compared to the amount of investment. The principle and calculation method of the model are relatively simple, the real difficulty and easy to overlook the future cash flow estimation and discount rate choice. This article focuses on the use of these two models