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绒谷谷 · 2021年06月11日

老师您好,请问这题中的discounted payback period有没有直接用计算器计算的简易方法?还是只能使用答案里列表一个个算这个方法?

NO.PZ2018062005000006

问题如下:

Beta Corp. invested $50,000 in a project at the beginning of this year. The project is expected to generate annual cash flows at $12,500 for five years. Assume the required rate of return is 6%, which of the following is most appropriate?

选项:

A.

payback period is 4 years, discounted payback period is 4.14 years.

B.

payback period is 4 years, discounted payback period is 4.72 years.

C.

payback period is 4.86 years, discounted payback period is 4 years.

解释:

B is correct.

In year 4, the cumulative cash flows is 0, therefore payback period is 4. Discounted payback period is longer than payback period, calculated as 4+6686/9341=4.72 years.

Beta Corp. invested $50,000 in a project at the beginning of this year. The project is expected to generate annual cash flows at $12,500 for five years. Assume the required rate of return is 6%, which of the following is most appropriate?

正确答案是: B 

A

payback period is 4 years, discounted payback period is 4.14 years.

B

正确payback period is 4 years, discounted payback period is 4.72 years.

C

payback period is 4.86 years, discounted payback period is 4 years.


1 个答案
已采纳答案

王琛_品职助教 · 2021年06月11日

嗨,从没放弃的小努力你好:


首先,取决于同学使用的计算器

如果计算器是普通版,是不支持 PBP 和 DPB 的计算的;如果计算器是专业版,才支持。请参考:https://class.pzacademy.com/qa/40963

其次,要取决于各期的现金流是否相同:如果不同,只能使用 DBP 本身的计算方法;如果相同,可以取巧使用计算器第三行计算

I/Y = 6

PV = -50000

PMT = 12500

FV = 0

计算:N = 4.709833,所以选 B

也请参考:https://class.pzacademy.com/qa/63626

最后,建议同学还是掌握 DBP 本身的计算方法,因为考试时,可能给的每年的现金流不同

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