Net Operating Income (NOI) Approach

AFM Capital Structure and Cost of Capital Free JAIIB Capsule 26 views Updated 16 Sep 2026

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AFM · Capital Structure and Cost of Capital

Contrasting his earlier theory, David Durand's Net Operating Income (NOI) Approach takes a different view on leverage. What does the NOI approach state about WACC and firm value?

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Contrasting his earlier theory, David Durand's Net Operating Income (NOI) Approach takes a different view on leverage. What does the NOI approach state about WACC and firm value?

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