This paper shows how to value investment projects involving capitalization of interest costs by using the standard WACC method. Whenever capitalized interest costs do not immediately generate proportionate tax shields, one of the assumptions that justify the use of the after-tax weighted average...

As oil refining is a multiproduct industrial activity, there are innumerable ways to allocate a refinery's CO2 emissions among the various refined products. The linear-programming models used to manage refineries may serve to compute the marginal contribution of each finished product to the CO2...