This page discusses the issue of project value in the context of changing risk and how to evaluate the IRR on a project as the project moves from a high risk new venture to a boring cash cow.
Edward Bodmer – Project and Corporate Finance
Resolving BS in Project Finance
This page discusses the issue of project value in the context of changing risk and how to evaluate the IRR on a project as the project moves from a high risk new venture to a boring cash cow.