问题如下图:
选项:
A.
B.
C.
解释:
请问这道题条件没给折现率,如何用计算器CF行计算IRR?是带选项数值作为I/Y看哪个算出来NPV=0吗?谢谢
NO.PZ2018101501000041问题如下Company M, a pharmaceuticcorporation, is investing $30 million in fixecapitan$10 million in working capitfor a four-yeexpansion project. The fixecapitwill preciatestraight-line to zero over four years anit will generate annurevenues anannucash operating expenses of $22 million an$8 million, respectively. The fixeassets are expecteto solfor $5 million anthe working capitinvestment will recoverethe enof the project. The trate is 25%. What’s the IRR for the project?9.10% 15.38% 18.43% C is correct.考点Risk Analysis解析项目每年的现金流如下CF0 = -$40 millionCF1 = CF2 = CF3 = (S – C – (1 – T) + = (22-8-7.5)*(1-25%)+7.5 = $12.375 millionCF4 = After-toperating CF+ TNO= $26.125 million求得IRR = 18.43%totnet cash flow=10+5-(5-0)✖️25%+OCF,哪里不对吗?
NO.PZ2018101501000041问题如下Company M, a pharmaceuticcorporation, is investing $30 million in fixecapitan$10 million in working capitfor a four-yeexpansion project. The fixecapitwill preciatestraight-line to zero over four years anit will generate annurevenues anannucash operating expenses of $22 million an$8 million, respectively. The fixeassets are expecteto solfor $5 million anthe working capitinvestment will recoverethe enof the project. The trate is 25%. What’s the IRR for the project? 9.10% 15.38% 18.43% C is correct.考点Risk Analysis解析项目每年的现金流如下CF0 = -$40 millionCF1 = CF2 = CF3 = (S – C – (1 – T) + = (22-8-7.5)*(1-25%)+7.5 = $12.375 millionCF4 = After-toperating CF+ TNO= $26.125 million求得IRR = 18.43%项目每年的现金流如下CF0 = -$40 millionCF1 = CF2 = CF3 = (S – C – (1 – T) + = (22-8-7.5)*(1-25%)+7.5 = $12.375 millionCF4 = After-toperating CF+ TNO= $26.125 million然后IRR怎么求?
NO.PZ2018101501000041 15.38% 18.43% C is correct. 考点Risk Analysis 解析项目每年的现金流如下CF0 = -$40 million CF1 = CF2 = CF3 = (S – C – (1 – T) + = (22-8-7.5)*(1-25%)+7.5 = $12.375 million CF4 = After-toperating CF+ TNO= $26.125 million 求得IRR = 18.43% CF4=26.125 怎么算出来的可以详细列一下吗
NO.PZ2018101501000041 working capitinvestment will recoverethe enof the proje如果是non recovere还用在terminvalue+WC?
NO.PZ2018101501000041 15.38% 18.43% C is correct. 考点Risk Analysis 解析项目每年的现金流如下CF0 = -$40 million CF1 = CF2 = CF3 = (S – C – (1 – T) + = (22-8-7.5)*(1-25%)+7.5 = $12.375 million CF4 = After-toperating CF+ TNO= $26.125 million 求得IRR = 18.43%和另外一位同学一样的问题,计算器的CF计算功能,CF0=-40;C01=12.375、F01=3;C02=26.125、F02=1; 这样算出来的IRR怎么不对啊?OCF1、OCF2、OCF3确实一样,irr求出来得24.91?请问是计算器设置有问题吗