The second day delves into cash-flow analysis and expenditure management:

Before-Tax (BTAX) Cash-Flow:
Define cash-flow, gross revenue, and learn how to forecast product streams.
Understand the dependence of capital expenditure on product flow and costs.
Capital Expenditure (CAPEX):
Discover the importance of economies of scale in CAPEX during production.
Explore the breakdown of operating expenditure (OPEX) and its role in financial evaluations.
Cost Estimation:
Learn cost estimation techniques, including project cost management tools and various cost levels.
Understand the importance of cost estimates and their criticality for project success.
After-Tax (ATAX) Cash-Flow:
Study additional variables in ATAX cash-flow, including depreciation methods and their impact on profitability.
Weighted Average Cost of Capital (WACC):
Learn the Capital Asset Pricing Model (CAPM) and how to calculate WACC using equity and debt cost models.