A large integrated oil company is discussing whether to move from a single rate for multiple exchange obstacle obstacle for project analysis. Raises questions: 1) determining the cost of equity, 2) the usefulness of multiple exchange constraint to adjust the project risk, and 3) the difference between the risk of the project and its impact on the overall corporate exposure, and 4) the limited analysis of the project and capital budget system. "Hide
by Thomas R. Piper Source: Harvard Business School 5 pages. Publication Date: April 1, 1975. Prod. #: 275113-PDF-ENG