1. Muhammad Fuad 1860202001110

2. TOPIC 2

3. Identifying Relevan Cash Flows 3 1.Cas Flow versus Accounting Income 2.Waktu Arus Kas 3.Proyek Perluasan dan Proyek Pengganti 4.Sunk cost 5.Opportunity cost 6.Externality

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9. A picture is worth a thousand words A complex idea can be conveyed with just a single still image, namely making it possible to absorb large amounts of data quickly. 9

10. 10 The Basic Decision Tree

11. . INTRODUCTION TO REAL OPTIONS Investment Timing Options Growth Options Abandonment Options Flexibility Options Valuing Real Options

12. 12 Thanks! Any questions?