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Stella · 2021年03月31日

能否补充一下计算器的按法

NO.PZ2018101501000029

问题如下:

Company M has invested $20 million in fixed capital and another $5 million in working capital in a ten-year project. The equipment will be depreciated straight-line to zero over five years. It will generate additional annual revenues of $1.5 million and reduce annual cash operating expenses of $0.5 million. After ten years, the equipment will be sold for $3 million. The tax rate and the required rate of return are 25% and 10% respectively. What’s the NPV of the project?

选项:

A.

-$6.41 million

B.

-$9.20 million

C.

-$11.99 million

解释:

B is correct.

考点:Cash Flow Projections: Expansion Project

解析

通过计算器我们可得NPV = -$9.20 million

能否补充一下cf怎么输入
1 个答案
已采纳答案

王琛_品职助教 · 2021年04月01日

嗨,爱思考的PZer你好:


- 好哒,计算器输入过程如下

- 首先,清零 (CLR WORK)

- CF0 = -25

- C01 = 2.5 (对应第一年到第五年的 OCF)

- F01 = 5

- C02 = 1.5 (对应第六年到第九年的 OCF)

- F02 = 4

- C03 = 8.75 (对应第十年的 Total net CF, 1.5+7.25)

- F03 = 1

- I = 10

- NPV = -9.197174

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虽然现在很辛苦,但努力过的感觉真的很好,加油!