问题如下图：
选项：
A. 
B. 
C. 
解释：
not the present value for the next five years
should be the present value for the next ten years, is it right?
NO.PZ2016021706000031 问题如下 Am Company is planning to invest ina projewith a $100,000 initicash outlay. This new projeis expecteto generatecash flows of $30,000 every yein the next ten years. The flowing is theinformation of Am companyAm Company will finantheprojewith a bt-to-equity ratio of 1.5. The llamount of flotation costs is $3000 for the equity of this project. If floatation costs are incorporateaustment to the initial-periocash flows, what's the NPV for the project? A.$90,039. B.$91,236. C.$100,030. B is correct.Re = 2.5/50+ 0.05= 10%E=1.5, W60%, We=40%WA= 0.60*0.08 + 0.40*0.1 = 8.8%N=10, I/Y=8.8, PMT=30000, FV=0, CPT PV=194236.275NPV = -$103000+$194236.275 = $91236.275. 我不太能理解为什么第一步的Re是用2.5/50+0.05，请问这是在哪里学的？
NO.PZ2016021706000031问题如下 Am Company is planning to invest ina projewith a $100,000 initicash outlay. This new projeis expecteto generatecash flows of $30,000 every yein the next ten years. The flowing is theinformation of Am companyAm Company will finantheprojewith a bt-to-equity ratio of 1.5. The llamount of flotation costs is $3000 for the equity of this project. If floatation costs are incorporateaustment to the initial-periocash flows, what's the NPV for the project? A.$90,039.B.$91,236.C.$100,030. B is correct.Re = 2.5/50+ 0.05= 10%E=1.5, W60%, We=40%WA= 0.60*0.08 + 0.40*0.1 = 8.8%N=10, I/Y=8.8, PMT=30000, FV=0, CPT PV=194236.275NPV = -$103000+$194236.275 = $91236.275. 老师我想问一问，这道题能不能用计算机cf的功能来算出来，只不过是CF0是10300，剩下的I是Wacc这样，谢谢
NO.PZ2016021706000031 问题如下 Am Company is planning to invest ina projewith a $100,000 initicash outlay. This new projeis expecteto generatecash flows of $30,000 every yein the next ten years. The flowing is theinformation of Am companyAm Company will finantheprojewith a bt-to-equity ratio of 1.5. The llamount of flotation costs is $3000 for the equity of this project. If floatation costs are incorporateaustment to the initial-periocash flows, what's the NPV for the project? A.$90,039. B.$91,236. C.$100,030. B is correct.Re = 2.5/50+ 0.05= 10%E=1.5, W60%, We=40%WA= 0.60*0.08 + 0.40*0.1 = 8.8%N=10, I/Y=8.8, PMT=30000, FV=0, CPT PV=194236.275NPV = -$103000+$194236.275 = $91236.275. 这道题感觉有点问题根据债和股的比例能知道股占了40%，总共投入了10w那么能算出多少股股数知道了能算出f，不就应该用f那个公式而不是r=P +G
NO.PZ2016021706000031 问题如下 Am Company is planning to invest ina projewith a $100,000 initicash outlay. This new projeis expecteto generatecash flows of $30,000 every yein the next ten years. The flowing is theinformation of Am companyAm Company will finantheprojewith a bt-to-equity ratio of 1.5. The llamount of flotation costs is $3000 for the equity of this project. If floatation costs are incorporateaustment to the initial-periocash flows, what's the NPV for the project? A.$90,039. B.$91,236. C.$100,030. B is correct.Re = 2.5/50+ 0.05= 10%E=1.5, W60%, We=40%WA= 0.60*0.08 + 0.40*0.1 = 8.8%N=10, I/Y=8.8, PMT=30000, FV=0, CPT PV=194236.275NPV = -$103000+$194236.275 = $91236.275. 老师所以这道题考的是flotation metho的知识点是吗？ 所以只要题目说flotation cost 是个具体的金额，就是考察 metho2 也就是preferreapproach?
NO.PZ2016021706000031 问题如下 Am Company is planning to invest ina projewith a $100,000 initicash outlay. This new projeis expecteto generatecash flows of $30,000 every yein the next ten years. The flowing is theinformation of Am companyAm Company will finantheprojewith a bt-to-equity ratio of 1.5. The llamount of flotation costis $3000 for the equity of this project. What's the NPV for the project? A.$90,039. B.$91,236. C.$100,030. B is correct.Re = 2.5/50+ 0.05= 10%E=1.5, W60%, We=40%WA= 0.60*0.08 + 0.40*0.1 = 8.8%N=10, I/Y=8.8, PMT=30000, FV=0, CPT PV=194236.275NPV = -$103000+$194236.275 = $91236.275. 为什么这里的分母50，不需要减去F？不是应该2.5/50-3000+0.05吗
