However the assumptions used in the appraisal ( especially the equity discount rate and the projection of the cash flows to be achieved ) are likely to be at least as important as the precise model used.

However, in many companies, management has reached the conclusion that optimizing the product flows cannot be accomplished without implementing a process approach to the business.

However, potential flows also have been used to describe compressible flows.

However the river flows through much of Shepton Mallet itself in underground culverts.

However, the Petaluma River which flows into San Pablo Bay, is navigable up to the city of Petaluma.

However, the Milwaukee River flows just east of the village.

However, the feature with which he is forever associated is the lake, a huge stretch of water created by damming the River Glyme and ornamented by a series of cascades where the river flows in and out.

However, by October 2008 it was evident that the return of environmental flows to the Snowy River in 2009 would be no more than 4 % of natural flow with governments arguing the Snowy River needs to " pay back " the " Mowamba Borrowings ".

However, this gives poor gas flows within the cylinder head as well as heat problems and fell out of favor for automobile use, see flathead engine.

However, thermocapillary flows on Earth are very difficult to study because they are often masked by much stronger buoyancy-driven flows.

However, the analysis of compressible flows in the transonic regime has led to some developments which help reduce the increases in drag caused by compressibility effects, including the use of swept wings and the Whitcomb area rule.

However, the hazard of using butterfly needles lies in the fact that as the blood flows through the rubber tubing, it cools significantly, thereby clotting faster.

However, there are several spots where the river narrows to less than half a kilometre ( 0. 3 mi ) and flows quickly, such as at the Sans Sault Rapids at the confluence of the Mountain River and " The Ramparts ", a deep canyon south of Fort Good Hope.

However, as mentioned, there are periods of time in which cash flow can be negative ( more cash flows out than in ).

However, when metal flows over a sharp corner in the die, like the edges of a mintmark or words, it tends to roll the detail out.

However, as it flows through the lymph nodes it comes in contact with blood, and tends to accumulate more cells ( particularly, lymphocytes ) and proteins.

" However it should be noted that such normative comments notwithstanding, these types of flows and any destructive results are rooted in and properly attributed to the extra market activities of central bank market manipulations that in fact cause such persistent conditions of disequilibrium and insulates them against free market forces that otherwise would quickly eliminate the incentive for such flows.

However, instead of WACC, cash flows would be discounted at the unlevered cost of equity, and tax shields at either the cost of debt ( Myers ) or following later academics also with the unlevered cost of equity.

However, Perutz found a problem: ice slowly flows, in what is known as plastic flow, and his tests showed that a Pykrete ship would slowly sag unless it was cooled to.

However, the brook Gladbeck flows under the ground nowadays.

However, only Illinois, Oregon, Louisiana and Rhode Island have a situation in which the sundry units of government vary widely in relation to fiscal uniformity.

However, the possible absence of a center of symmetry not only moves the hydrogen atom off Af, but also allows the oxygen atoms to become nonequivalent, with Af at Af and Af at Af ( space group Af ), where Af represents the oxygens on one side of the Af layers and Af those on the other side.

However, since the pencil contains a secant of **zg it actually contains only Af singular lines.

However, any such suggestion accounts for only some of the difficulties in hearing tone, or in developing a realistic attitude about tone, but not for the analytic difficulties that occur even when tone is meticulously recorded.

However, the teacher can only go so far if the attitude of the community and the family is anti-intellectual.

However, the confession, which was the only evidence against him, was retracted before the trial.

However much we may have to criticize liberal theology's constructive formulations, the theology we ourselves must strive to formulate can only go beyond liberalism, not behind it.

However, this only highlights certain aspects of alchemy.

However, while Apollo has a great number of appellations in Greek myth, only a few occur in Latin literature, chief among them Phoebus ( ; Φοίβος, Phoibos, literally " radiant "), which was very commonly used by both the Greeks and Romans in Apollo's role as the god of light.

However, only a very small percentage of all these people has remained in Angola, either for personal reasons ( intermarriage ) or as professionals ( e. g. medical doctors ).

However, it was held by the Supreme Court that an affidavit can be used as an evidence only if the Court so orders for sufficient reasons.

However, this name is used to refer to the brown vine snake, Ahaetulla pulverulenta, a slender, arboreal species that grows to five feet ( 152 cm ) at most and feeds only on small vertebrates.

However, in digital systems, degradation can not only be detected but corrected as well.

However, the latter figures only represent cash remittances processed through Armenian commercial banks.

However, data from the National Statistical Service shows that there were only 65, 000 foreigners staying in Armenian hotels in 2009.

However, the rail link between Abkhazia and Georgia proper has been closed for a number of years, forcing Armenia to receive rail cars laden with cargo only through the relatively expensive rail-ferry services operating between Georgian and other Black Sea ports.

However, he spends only nine months in jail, during which he writes Mein Kampf.

However, in general, the books only feature mental battles when there is some reason for mind-to-mind contact ( for example, Trump contact ) and magic or Trump is involved in all three of the above conflicts, so it is not clear whether Zelazny intended his characters to have such a power ; the combination of Brand's " living trump " powers and his high Psyche ( as presented in the roleplaying game ) would have guaranteed him victory over Corwin.

However, using pure mass to resist the forces of a storm only works well as a permanent mooring ; a large enough rock would be nearly impossible to move to a new location.

However, tyrannosaurid forelimbs were extremely small for their body size and retained only two digits.

However, Sargon took this process further, conquering many of the surrounding regions to create an empire that reached westward as far as the Mediterranean Sea and perhaps Cyprus ( Kaptara ); northward as far as the mountains ( a later Hittite text asserts he fought the Hattite king Nurdaggal of Burushanda, well into Anatolia ); eastward over Elam ; and as far south as Magan ( Oman ) — a region over which he reigned for purportedly 56 years, though only four " year-names " survive.

However, Wolfram points out that at the time " Clovis got no farther than the Seine ; only after several more years did the Franks succeed in occupying the rest of the Gallo-Roman buffer state north of the Loire.

However, the temple of Ares to which he refers had only been moved from Acharnes and re-sited in the Agora in Augustus's time, and statues known to derive from Alcamenes ' statue show the god in a breastplate, so the identification of Alcamenes ' Ares with the Ares Borghese is not secure.

However, in practice they proved to be too large to manoeuvre well in the close waters of estuaries and rivers, the only places in which a ' naval ' battle could occur.

However, they are only distantly related to the true lily, Lilium.