Fundamentals of Corporate Finance, 5th EditionPreface xii Key features xiv About the adapting authors xv Part 1 Introduction and foundations 1 1. The financial manager and the company 2 2. The financial environment and the level of interest rates 25 3. Financial statements, cash flows and tax 49 4. Analysing financial statements 81 Part 2 Valuation of future cash flows and risk 125 5. The time value of money 126 6. Discounted cash flows and valuation 161 7. Risk and return 199 8. Bond valuation