1. © 2003 The McGraw-Hill Companies, Inc. All rights reserved. Discounted Cash Flow Valuation Chapter Six

2. McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved.

3. McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved.

4. McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved.

5. McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved. FIGURE 6.1

6. McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved. FIGURE 6.2

7. McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved. FIGURE 6.3

8. McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved. FIGURE 6.4

9. McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved. FIGURE 6.5

10. McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved. FIGURE 6.6