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Normalisation:
Discount Rate
It’s the interest rate applied for determining the current value of cash flows expected in the future through discounted cash flow analysis.
Depreciation Tax Shield
A reduction in taxable income that results from taking the depreciation expense as a tax deduction, thus reducing the firm's tax liability.
Corporate Tax Rate
The corporate tax rate is the percentage of a corporation's taxable income that it must pay to the government, which varies by country and sometimes within regions of countries.
Bottom-Up Approach
A strategy that starts at the operational or project level and works up to the top levels of management for decision-making.
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