2.某方案固定资产投资12000元，设备寿命五年，直线法折旧，五年末残值2000元，另需于初始投资时垫支营运资金3000元。营运期内每年收入8000元，付现成本第一-年3000元，以后逐年递增400元。已知:企业所得税率25%，折现率为5%。要求计算该方案的净现值、静态投资回收期和投资收益率。

折旧=(12000-2000)/5=2000 NCF0=-12000-3000=-15000 NCF1=(8000-3000)*0.75%2B2000*0.25=4250 NCF2=(8000-3000-400)*0.75%2B2000*0.25=3950 NCF3=(8000-3000-400*2)*0.75%2B2000*0.25=3650 NCF4=(8000-3000-400*3)*0.75%2B2000*0.25=3350 NCF5=(8000-3000-400*4)*0.75%2B2000*0.25%2B2000%2B3000=8050 净现值=-15000%2B4250（P/F5% 1）%2B3950（P/F5% 2）%2B3650（P/F5%3）%2B3350（P/F5% 4）%2B8050（P/F5% 5）静态回收器=3%2B(15000-4250-3950-3650)/3350=3.94029850746 -15000%2B4250（P/Fi 1）%2B3950（P/Fi2）%2B3650（P/Fi3）%2B3350（P/Fi 4）%2B8050（P/Fi 5）=0 内插法求i

2022-05-10

你好，每年折旧额＝（12000-2000）/5=2000 折旧抵税＝2000*25%=500 0时点现金流量＝-12000-3000=-15000 第一年末年金流量＝（8000-3000）*（1-25%）+500=4250 第二年末现金流量＝（8000-3400）*（1-25%）+500=3950 第三年末现金流量＝（8000-3800）*（1-25%）+500=3650 第四年末现金流量＝（8000-4200）*（1-25%）+500=3350 第五年末现金流量＝（8000-4600）*（1-25%）+500+2000+3000=8050

2022-05-04

你好初始现金流量=-12000-3000=-15000

2025-01-06

初始现金流量=-12000-3000=-15000 固定资产折旧=2000 折旧抵现=2000*25%=500 NCF1=（8000-3000）*（1-25%）%2B500=4250 NCF2=（8000-3400）*(1-25%）%2B500=3950 NCF3=（8000-3800）*(1-25%）%2B500=3650 NCF4=（8000-4200）*(1-25%）%2B500=3350 NCF5=（8000-4600）*(1-25%）%2B500%2B3000%2B2000=8050 净现值=4250*(1%2B10%)^-1%2B3950*(1%2B10%)^-2%2B3650*(1%2B10%)^-3%2B3350*(1%2B10%)^-4%2B8050*(1%2B10%)^-5-15000=2157>0 该项目可行。

2022-06-07

1）该方案的净现值 NCF0=12000%2B3000=-15000 NCF1=8000-3000-(12000-2000)/5*40%=4200 NCF2=8000-3000-400-(12000-2000)/5*40%=3800 NCF3=8000-3000-400*2-(12000-2000)/5*40%=3400 NCF4=8000-3000-400*3-(12000-2000)/5*40%=3000 NCF5=8000-3000-400*4-(12000-2000)/5*40%%2B2000=4600 =4200/(1%2B10%)^-1%2B3800/(1%2B10%)^-2%2B3400*/(1%2B10%)^-3%2B3000/(1%2B10%)^-4%2B4600/(1%2B10%)^-5-15000=8573 2）该方案的现值指数=(8573%2B15000)/15000=1.57 =1000*(p/f,0.08,5)%2B1000*0.10*(p/a,0.08,5)=1000*0.6806%2B100*3.9927

2022-07-26