开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

Sissiwonglx · 2022年05月13日

RE是怎么求出来的

NO.PZ2016021706000031

问题如下:

Adam Company is planning to invest in a project with a $100,000 initial cash outlay. This new project is expected to generate cash flows of $30,000 every year in the next ten years. The flowing is the information of Adam company

Adam Company will finance the project with a debt-to-equity ratio of 1.5. The dollar amount of flotation cost is $3000 for the equity of this project. What's the NPV for the project?

选项:

A.

$90,039.

B.

$91,236.

C.

$100,030.

解释:

B is correct.

Re = 2.5/50+ 0.05= 10%

D/E=1.5, Wd=60%, We=40%

WACC = 0.60*0.08 + 0.40*0.1 = 8.8%

N=10, I/Y=8.8, PMT=30000, FV=0, CPT PV=194236.275

NPV = -$103000+$194236.275 = $91236.275.

老师,请您讲讲这道题里用的Re的计算是什么公式

1 个答案

王琛_品职助教 · 2022年05月14日

嗨,爱思考的PZer你好:


计算 re 的公式,用的就是权益学科重点介绍的 GGM 模型哈,知识点位于权益学科 R38 Equity Valuation: Concept and Basic Tool

也请参考:https://class.pzacademy.com/qa/95184

----------------------------------------------
努力的时光都是限量版,加油!

  • 1

    回答
  • 0

    关注
  • 369

    浏览
相关问题

NO.PZ2016021706000031 问题如下 Am Company is planning to invest ina projewith a $100,000 initicash outlay. This new projeis expecteto generatecash flows of $30,000 every yein the next ten years. The flowing is theinformation of Am companyAm Company will finantheprojewith a bt-to-equity ratio of 1.5. The llamount of flotation costs is $3000 for the equity of this project. If floatation costs are incorporateaustment to the initial-periocash flows, what's the NPV for the project? A.$90,039. B.$91,236. C.$100,030. B is correct.Re = 2.5/50+ 0.05= 10%E=1.5, W60%, We=40%WA= 0.60*0.08 + 0.40*0.1 = 8.8%N=10, I/Y=8.8, PMT=30000, FV=0, CPT PV=194236.275NPV = -$103000+$194236.275 = $91236.275. 我不太能理解为什么第一步的Re是用2.5/50+0.05,请问这是在哪里学的?

2022-10-14 18:01 1 · 回答

NO.PZ2016021706000031问题如下 Am Company is planning to invest ina projewith a $100,000 initicash outlay. This new projeis expecteto generatecash flows of $30,000 every yein the next ten years. The flowing is theinformation of Am companyAm Company will finantheprojewith a bt-to-equity ratio of 1.5. The llamount of flotation costs is $3000 for the equity of this project. If floatation costs are incorporateaustment to the initial-periocash flows, what's the NPV for the project? A.$90,039.B.$91,236.C.$100,030. B is correct.Re = 2.5/50+ 0.05= 10%E=1.5, W60%, We=40%WA= 0.60*0.08 + 0.40*0.1 = 8.8%N=10, I/Y=8.8, PMT=30000, FV=0, CPT PV=194236.275NPV = -$103000+$194236.275 = $91236.275. 老师我想问一问,这道题能不能用计算机cf的功能来算出来,只不过是CF0是10300,剩下的I是Wacc这样,谢谢

2022-10-03 10:43 1 · 回答

NO.PZ2016021706000031 问题如下 Am Company is planning to invest ina projewith a $100,000 initicash outlay. This new projeis expecteto generatecash flows of $30,000 every yein the next ten years. The flowing is theinformation of Am companyAm Company will finantheprojewith a bt-to-equity ratio of 1.5. The llamount of flotation costs is $3000 for the equity of this project. If floatation costs are incorporateaustment to the initial-periocash flows, what's the NPV for the project? A.$90,039. B.$91,236. C.$100,030. B is correct.Re = 2.5/50+ 0.05= 10%E=1.5, W60%, We=40%WA= 0.60*0.08 + 0.40*0.1 = 8.8%N=10, I/Y=8.8, PMT=30000, FV=0, CPT PV=194236.275NPV = -$103000+$194236.275 = $91236.275. 这道题感觉有点问题根据债和股的比例能知道股占了40%,总共投入了10w那么能算出多少股股数知道了能算出f,不就应该用f那个公式而不是r=P +G

2022-08-29 23:22 1 · 回答

NO.PZ2016021706000031 问题如下 Am Company is planning to invest ina projewith a $100,000 initicash outlay. This new projeis expecteto generatecash flows of $30,000 every yein the next ten years. The flowing is theinformation of Am companyAm Company will finantheprojewith a bt-to-equity ratio of 1.5. The llamount of flotation costs is $3000 for the equity of this project. If floatation costs are incorporateaustment to the initial-periocash flows, what's the NPV for the project? A.$90,039. B.$91,236. C.$100,030. B is correct.Re = 2.5/50+ 0.05= 10%E=1.5, W60%, We=40%WA= 0.60*0.08 + 0.40*0.1 = 8.8%N=10, I/Y=8.8, PMT=30000, FV=0, CPT PV=194236.275NPV = -$103000+$194236.275 = $91236.275. 老师所以这道题考的是flotation metho的知识点是吗? 所以只要题目说flotation cost 是个具体的金额,就是考察 metho2 也就是preferreapproach?

2022-08-13 22:04 1 · 回答

NO.PZ2016021706000031 问题如下 Am Company is planning to invest ina projewith a $100,000 initicash outlay. This new projeis expecteto generatecash flows of $30,000 every yein the next ten years. The flowing is theinformation of Am companyAm Company will finantheprojewith a bt-to-equity ratio of 1.5. The llamount of flotation costis $3000 for the equity of this project. What's the NPV for the project? A.$90,039. B.$91,236. C.$100,030. B is correct.Re = 2.5/50+ 0.05= 10%E=1.5, W60%, We=40%WA= 0.60*0.08 + 0.40*0.1 = 8.8%N=10, I/Y=8.8, PMT=30000, FV=0, CPT PV=194236.275NPV = -$103000+$194236.275 = $91236.275. 为什么这里的分母50,不需要减去F?不是应该2.5/50-3000+0.05吗

2022-08-08 23:36 1 · 回答