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momo · 2023年12月23日

irr

* 问题详情,请 查看题干

NO.PZ202309050600000102

问题如下:

With regard to Project A and Project B, which of the following is true?

选项:

A.

Both projects should be invested in according to the IRR decision rule

B.

Both projects should be invested in according to the NPV decision rule

C.

Only Project B should be invested in according to the IRR decision rule.

解释:

C is correct. The IRR decision rule is to invest if the IRR exceeds the required rate of return or hurdle rate. Project B’s IRR is 8.97%, which exceeds the required rate of return of 8%; however, Project A’s IRR is 7.04%, which is below the required rate of return of 8%.

The NPV of both projects can be calculated as follows:


Using the same equation, we can solve for the IRRs by assuming that NPV = 0.


A is incorrect because Project B’s IRR is 8.97%, which exceeds the required rate of return of 8%; however, Project A’s IRR is 7.04%, which is below the required rate of return of 8%. Consequently, only Project B meets the IRR decision rule.

B is incorrect because the NPV decision rule is to invest if the NPV is greater than 0. Project B’s NPV is $1.12 million, while Project A’s NPV is –$0.38. Consequently, only Project B meets the NPV decision rule.

想问下IRR用计算器怎么算

1 个答案

王琛_品职助教 · 2023年12月25日

嗨,努力学习的PZer你好:


1

以项目 A 为例

清零 CLR WORK

CF0 = -18.5

C01 = 4.5

F01 = 1

C02 = 6

F02 = 2 (第二年至第三年的现金流)

C03 = 5.5

F03 = 1

IRR CPT = 7.092758

2

计算器的按法,何老师单独录制了一门课,请同学再参考一下

早读课 -> How to Use Financial Calculator BA II Plus -> Cash Flow Calculation

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努力的时光都是限量版,加油!