NO.PZ201601200500001005
问题如下:
5. If the outlay is lower by the amount that Simpson suggests, the project NPV should increase by an amount closest to:
选项:
A.€0.09 billion.
B.€0.14 billion.
C.€0.17 billion.
解释:
C is correct.
The outlay is lower by €0.24, which will decrease the annual depreciation by €0.04 for the first six years. The annual additional taxes from the loss of the depreciation tax shelter are € 0.04(0.40) = € 0.016. The after-tax cash flows are higher by € 0.24 at time zero (because of the smaller investment) and lower by € 0.016 for the first six years. The NPV increases by
老师好 1)我用CF0 = 0.016, F01 = 6, NPV, I = 12 然后再加0.24 算出来 的是 0.305783, 是哪里错了?2) 然后用计算机先算pmt=-0.016,n=6,i/y=12求pv再加上0.24 算出来的也是0.305783. 哪里错了谢谢 。