Cost of Capital and Valuation
Abschnittsübersicht
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In most valuation situations we have to make some adjustments to the WACC estimates from the previous section. This is generally the case when dealing with privately held firms, when valuing firms that are about to change their financing policy, or when valuing firms that operate in different industries. This section shows the relevant procedures we have to make to correctly estimate the WACC in such specific valuation situations.