投资评估的预测是基于这样的假设:投资的当前价值等于该投资未来收益的净现值(NPV)。因此，有必要准备一个现金流模型，以确定在皮卡迪利大街4号的投资将产生的潜在现金流，以及可以建立的NPV的贴现率(Baum和Crosby 2014, 3.1节)。
本报告的目的之一是调查借款总购置成本的50%的可行性，仅在一个基于预期现金流和内部回报率(IRR)的固定利率的基础上。这可以通过使用一些已建立的投资模型来评估折现现金流(DCF)，包括总现值(GPV)、净现值和IRR (McAllister 2015)。
清晰的目的,它是指出,NPV相当于折扣或未来现金流的现值包括初始资本支出作为流出(麦卡利斯特2015年,p . 5)。相比之下,世是打折或未来现金流的现值的购买价格是不包括在内。该因子是对投资者要求的现金流价值或目标回报率的估计(McAllister 2015，第6页)。
Investment appraisal is predicted on the assumption that the current value of the investment is equal to the net present value (NPV) of the future benefits of such an investment. It is therefore essential to prepare a cashflow model to determine the potential cashflow that the investment in 4 Piccadilly will produce and the discount rate to that the NPV can be established (Baum and Crosby 2014, section 3.1).
One of the aims of this report is to investigate the feasibility of borrowing 50% of the total acquisition cost on an interest only basis at a fixed interest rate based on the projected cash flow and the internal rate of return (IRR). This can be carried out by using a number of established investment models to assess the discounted cash flow (DCF) including Gross present value (GPV), NPV and IRR (McAllister 2015).
This section sets out the assumptions underlying the investment assessment and the input data for the cashflow models.
For the purposes of clarity, it is noted that NPV equates to the discounted or present value of future cash flows which includes the initial capital outlay as an outflow (McAllister 2015, p. 5). In contrast, the GPV is the discounted or present value of future cash flows where the purchase price is not included. This factor is an estimate of the worth of the cash flow at the investors required or target rate of return (McAllister 2015, p.6).