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企业进行项目投资所遇到的风险分为系统性风险和特有性风险两类。在风险投资决策实务中,企业根据项目的系统性风险调整折现率,而根据项目的特有风险调整现金流量,最后计算净现值来判断项目是否可行,本文对此举例进行分析。
The risks encountered by enterprises in project investment are divided into two types: systemic risk and unique risk. In the venture capital decision-making practice, the enterprise adjusts the discount rate according to the systematic risk of the project, adjusts the cash flow according to the project’s unique risk, and finally calculates the net present value to judge whether the project is feasible. This article analyzes the example.