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NO.PZ2018101501000031 问题如下 Company M hinveste$20 million in fixecapitananother $5 million in working capitin a ten-yeproject. The equipment will preciatestraight-line to zero over five years. It will generate aitionannurevenues of $1.5 million anreannucash operating expenses of $0.5 million. After ten years, the equipment will solfor $3 million. The trate anthe requirerate of return are 25% an10% respectively. However, after reappraising the project, the fixecapitinvestment will austewnwar$2 million with no change in salvage value. Whwill happen on the projeNPV? It will increase $2.38 million. It will crease $1.62 million. It will increase $1.62 million. C is correct.考点Cash Flow Projections: Expansion Project解析固定资产投资下降$2 million，折旧会下降$0.4 million，相对应的preciation tsaving会下降 0.25*($2 million/5) = $0.1 million所以NPV最终会增加2 - ∑t=150.11.1t\sum_{t=1}^5\frac{0.1}{1.1^t}∑t=151.1t0.1 = $1.62 million EBIT(1-T) + = (S-C)(1-T) + T，只有小了，所以用来scount的cash flow变小了，为何NPV不是crease而是increase呢？

2022-08-09 22:12 1 · 回答

NO.PZ2018101501000031问题如下 Company M hinveste$20 million in fixecapitananother $5 million in working capitin a ten-yeproject. The equipment will preciatestraight-line to zero over five years. It will generate aitionannurevenues of $1.5 million anreannucash operating expenses of $0.5 million. After ten years, the equipment will solfor $3 million. The trate anthe requirerate of return are 25% an10% respectively. However, after reappraising the project, the fixecapitinvestment will austewnwar$2 million with no change in salvage value. Whwill happen on the projeNPV? It will increase $2.38 million. It will crease $1.62 million. It will increase $1.62 million. C is correct.考点Cash Flow Projections: Expansion Project解析固定资产投资下降$2 million，折旧会下降$0.4 million，相对应的preciation tsaving会下降 0.25*($2 million/5) = $0.1 million所以NPV最终会增加2 - ∑t=150.11.1t\sum_{t=1}^5\frac{0.1}{1.1^t}∑t=151.1t0.1 = $1.62 million 请问老师我计算调整前NPV的式子哪里不对？CF0=-25 C01=2.5 F01=5 C02=1.5 F02=4 C03=9.5 F03=1 I=10

2022-07-14 17:12 1 · 回答

NO.PZ2018101501000031 Company M hinveste$20 million in fixecapitananother $5 million in working capitin a ten-yeproject. The equipment will preciatestraight-line to zero over five years. It will generate aitionannurevenues of $1.5 million anreannucash operating expenses of $0.5 million. After ten years, the equipment will solfor $3 million. The trate anthe requirerate of return are 25% an10% respectively. However, after reappraising the project, the fixecapitinvestment will austewnwar$2 million with no change in salvage value. Whwill happen on the projeNPV? It will increase $2.38 million. It will crease $1.62 million. It will increase $1.62 million. C is correct. 考点Cash Flow Projections: Expansion Proje解析固定资产投资下降$2 million，折旧会下降$0.4 million，相对应的preciation tsaving会下降 0.25*($2 million/5) = $0.1 million 所以NPV最终会增加2 - ∑t=150.11.1t\sum_{t=1}^5\frac{0.1}{1.1^t}∑t=151.1t0.1 = $1.62 million 如题

2021-12-11 21:44 1 · 回答

NO.PZ2018101501000031 Company M hinveste$20 million in fixecapitananother $5 million in working capitin a ten-yeproject. The equipment will preciatestraight-line to zero over five years. It will generate aitionannurevenues of $1.5 million anreannucash operating expenses of $0.5 million. After ten years, the equipment will solfor $3 million. The trate anthe requirerate of return are 25% an10% respectively. However, after reappraising the project, the fixecapitinvestment will austewnwar$2 million with no change in salvage value. Whwill happen on the projeNPV? It will increase $2.38 million. It will crease $1.62 million. It will increase $1.62 million. C is correct. 考点Cash Flow Projections: Expansion Proje解析固定资产投资下降$2 million，折旧会下降$0.4 million，相对应的preciation tsaving会下降 0.25*($2 million/5) = $0.1 million 所以NPV最终会增加2 - ∑t=150.11.1t\sum_{t=1}^5\frac{0.1}{1.1^t}∑t=151.1t0.1 = $1.62 million 答案最后那个公式是从哪儿来的？难道不是把变化前变化后的npv都算出来然后相减吗

2021-08-01 14:33 1 · 回答

老师请问下这题的符号方向

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