求助IRR和NPV的题目

Cassim

【免费测】2024年CFA模拟题库

1 .A new machine will cost $100,000 and generate after-tax cash inflows of $35,000 for 4 years. Find the NPV if the firm uses a 12% opportunity cost of capital. What is the IRR? What is the payback period?

求助这里的 12% opportunity cost of capital 是做什么用的？IRR factor 和PP算出来是一样的吗？

2. Calculate the NPV for the following capital budgeting proposal: $100,000 initial cost, to be depreciated straight-line over 5 years to an expected salvage value of $5,000, 35% tax rate, $45,000 additional annual revenues, $15,000 additional annual expense, $8,000 additional investment in working capital, and 11% cost of capital.

求助后面的蓝色部分怎么算，我只会用straightline method算出来。。

谢谢各位大神了！！

sc7233858

【免费测】2024年CFA模拟题库

第一题里，12%是用来计算NPV的折现率啊，你用计算机输入CF0=-100,000,CF1=35,000,....CF4=35,000,再按NPV的时候会要求你先输入I/Y，你输入12，再下翻看到NPV，再按cpt,计算出NPV，而IRR就是NPV=0时候的折现率，和这个12%没有关系，PBP是不折现的回收期，也用不着折现率，10000-2x35000=30000,30000/35000=0.86,PBP=2+0.86=2.86年