NO.PZ201601200500000903
问题如下:
3. Of the two grinders that the Dominion Company is evaluating, Böhm should recommend the:
选项:
A.Bolten grinder because its NPV is higher than the Pinto grinder NPV.
B.Bolten grinder because its EAA is higher than the Pinto grinder EAA.
C.Pinto grinder because its EAA is higher than the Bolten grinder EAA.
解释:
C is correct.
Because the mutually exclusive projects have unequal lives, the EAA should be used instead of the NPV. The NPV and EAA for the Pinto grinder are correct. For the Bolten grinder, the NPV is
To find the Bolten EAA, take the NPV for Bolten and annualize it for four years (N = 4, PV = 37,644, and i = 10%). The Bolten EAA is $11,876. Consequently, the Pinto grinder has the better EAA of $12,341.
老师这里计算Bol这个项目第四年有税后的残值20,000,为何直接当做现金流折现计算了NPV啊