该方法不需要估计未来的现金股利和投资者的预期收益率，在一定程度上克服了传统股票定价方法的缺陷。
This approach is not in need of determining the future cash dividend, thus, to a certain extent, overcoming the shortcoming of the traditional method.
影响项目现金流量的主要因素有固定资产折旧、营业收入及付现成本等 ，这些因素必须进行动态估计。贴现率需要在定性选择及分段量化方面作出定夺。
It is essential to carry out the dynamic estimation for the major influenced factors of item's cash flow that include the depreciation of fixed asset, business income, cash-pay cost, etc.
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