The goal of this course is to enable you to answer the question, "what is a real asset worth"? You will define, derive, and estimate cash flows, cost of capital, and continuing values to establish intrinsic values for projects, divisions, and firms domestically and across borders using well-known and widely-used valuation methods. In addition to discounted cash flow (DCF) analysis, you will examine alternative approaches such as real options valuation and relative valuation. The course will explore valuation approaches in such career-relevant settings as mature cash flow businesses, IPOs of rapidly-growing businesses, subscription revenue-based business models, LBOs, mergers & acquisitions (M&A), and project financing. We will also explore the links between corporate valuation and corporate financial decisions regarding capital structure, corporate performance evaluation, exchange rates, and country risk. The course will use a mixture of lectures, cases, projects, and guest speakers.