Editing Present value (section)

===Variants/approaches===
There are mainly two flavors of Present Value. Whenever there will be uncertainties in both timing and amount of the cash flows, the expected present value approach will often be the appropriate technique. With Present Value under uncertainty, future dividends are replaced by their conditional expectation.
* '''Traditional Present Value Approach''' – in this approach a single set of estimated cash flows and a single interest rate (commensurate with the risk, typically a weighted average of cost components) will be used to estimate the fair value.
* '''Expected Present Value Approach''' – in this approach multiple cash flows scenarios with different/expected probabilities and a credit-adjusted risk free rate are used to estimate the fair value.