Chapter 13 Corporate financing decisions and ECM S 13.1 Should financing decisions create value In the earlier parts of this book, we have learn how to evaluate project with NPV. Typical financing decisions include how much, what type and when for the debt and equity to sell Though the procedure for evaluating financing decisions is identical to the procedure for evaluating projects, the results are different. It turns out that the typical firm has many more capital-expenditure opportunities with positive NPv. Though this dearth of profitable financing opportunities will be examined in detail later. a few remarks are in order now.Chapter 13 Corporate— financing decisions and ECM 13.1 Should financing decisions create value? In the earlier parts of this book, we have learn how to evaluate project with NPV. Typical financing decisions include how much, what type and when for the debt and equity to sell. Though the procedure for evaluating financing decisions is identical to the procedure for evaluating projects, the results are different. It turns out that the typical firm has many more capital—expenditure opportunities with positive NPV. Though this dearth of profitable financing opportunities will be examined in detail later, a few remarks are in order now