Cases
Applied finance cases
Each case is an exercise inside a lesson: realistic figures, a worksheet to complete and server-checked results. Figures are illustrative, not data about real companies.
Equipment investment
FreeA 250,000 machine with four years of cash flows. Is it worth buying at a 9% cost of capital?
Open in “Net present value (NPV)”Capacity expansion
MembersFind the IRR, compare it with the hurdle rate, and prove your answer with an NPV check.
Open in “Internal rate of return (IRR)”Cost of capital for a listed company
MembersEstimate cost of equity with CAPM and weight it with after-tax debt at market values.
Open in “Cost of capital: CAPM and WACC”Three-year cash flow forecast
MembersTurn seven assumptions into a live free-cash-flow forecast that survives an assumption shift.
Open in “Forecasting free cash flow”Five-year DCF valuation
MembersFrom forecast cash flows to enterprise value, equity value and a value per share.
Open in “The DCF: from enterprise value to value per share”
Larger multi-step cases — an acquisition, a financing decision and a turnaround forecast — are planned for the Advanced Financial Cases track.