(BQ) Part 2 book Basic of engineering economy has contents: Replacement and retention decisions, effects of inflation, estimating costs, depreciation methods, after tax economic analysis.
Trang 1" -%ÿ3,# +ÿ-#1()ÿ4&ÿ-ÿ('%-$" ÿ# ,)&ÿ-4, ÿ-ÿ$,(( %&ÿ+# -%%)ÿ-##
(ÿ#&# "ÿ+#56789:;ÿ=?@ÿA@B:CD@;ÿE8Fÿ8Aÿ:C>@AGH!ÿ-ÿ-## ÿ#ÿ$,(( %&ÿ+ÿ,#
Trang 2C$ 8(+()19&(ÿ+.(ÿ)(42,5(1(&+ÿ:,20(ÿ+3ÿ1,D(ÿ+.(ÿ'(/(&'()
,&'ÿ5.,22(&B()ÿ(E0,226ÿ,++,5+9:($
\fPZeW_PÿOPQRSTPUPVWÿXWYZ[ÿQO]TPZYOPÿ\XÿZ\^POPVWÿ^O]UÿW_SWÿYXPZÿk_PVÿV]ÿXWYZ[QPO\]Zÿ\XÿXPWi~]W_ÿQO]TPZYOPXÿSOPÿT]dPOPZÿ\VÿW_\XÿT_SQWPOi
Trang 3PfUS;8?>18Dÿ12ÿ138ÿD8986D8;ÿ>6Dÿ<=51ÿ621ÿI8ÿI2;68ÿI@ÿ138ÿB3>??86\46\ÿ>?18;6>14C8EH
lJ38ÿD8986D8;i5ÿs4641>?ÿ46C851<861tk45ÿ8514<>18DÿI@ÿ138ÿWLbLRWLKuUÿPVKKLRS
QOKjLSÿvONVLY13>1ÿ57138ÿ><2=61ÿ8]=4;8Dÿ12ÿ>B]=4;8ÿ138ÿ58;C4B85ÿ/;2C4D8DÿI@ÿ138
Trang 4012 34567 89 ÿ 5887 ÿ 5ÿ 87 87 ÿ 8
ÿ !" ÿ# $
%&'(&+,ÿ'-.ÿ./'(01'.2ÿ).ÿ4+3ÿ1ÿ56+7.8'ÿ+6ÿ1)'.6&1'(9.ÿ-1/ÿ: &ÿ/'.2;ÿ&ÿ18'=1)(>?'-(/ÿ91)=.ÿ(/ÿ2.'.60(&.2ÿ56(+6ÿ+ÿ1&ÿ.91)=1'(+&;ÿ@&ÿ1//.'ÿ/-+=)2ÿ:.ÿ6.'1(&.2ÿ3+6ÿ1ÿ'0.5.6(+2ÿ'-1'ÿ0(&(0(A./ÿ(/ÿ8+/'ÿ+ÿ'-.ÿ+,&.6;B-(/ÿ'0.ÿ(/ÿ81)).2ÿ'-.ÿ.8+&+0(8ÿ/.69(8.).ÿCDEFGÿ+6ÿ0(&(0=0ÿ8+/'ÿ3.;ÿHIJÿLMNOOJLPÿQPNOÿRSÿQTÿUQLPLÿVWJ4PVXJLÿPIJÿYZ[\NO]J^B-(/ÿ491)=.ÿ(/ÿ=/.2ÿ(&ÿ1)).91)=1'(+&/ÿ3+6ÿ-.ÿ1//.'?(&8)=2(&_ÿ1ÿ6.5)18.0.&'ÿ/'=2>;B+'1)ÿ@`ÿ+3ÿ8+/'/ÿ(/ÿ'-.ÿ/=0ÿ+3ÿ'-.ÿ1//.'a/ÿ1&&=1)ÿ815('1)ÿ6.8+9.6>ÿ1&2ÿ@`+3ÿ1&&=1)ÿ+5.61'(&_ÿ8+/'/?'-1'ÿ/?
bcdef
ÿg hijh klÿmnÿkoi
ÿ
pmqrsÿkl g htruvqrsÿwxtmyxwzh klÿmnÿr{{|rsÿmuxwrqv{}ÿtm~q~
# B-.ÿ@61&/1/ÿ(9(/(+&ÿ+3ÿ@ ?1ÿ)16_.ÿ1_6(8=)'=61)ÿ56+2=8'/ÿ8+65+61'(+&?5=6
8-1/.2ÿ1ÿ/'1'.+3-.16'_6+=&2).9.)(&_ÿ/>/'.0ÿ3+6ÿ8.ÿ.)2ÿ56.5161'(+&ÿÿ>.16/1_+ÿ3+6ÿ?;ÿ`-.&ÿ5=68-1/.2?('-12ÿ1&ÿ.5.8'.2ÿ/.69(8.ÿ).ÿ+3ÿÿ>.16/?1&ÿ./'(01'.2ÿ/1)91_.ÿ+3ÿ?ÿ13'.6ÿÿ>.16/?1&2ÿ@ÿ+3ÿ?;ÿ=66.&'188+=&'ÿ:++ÿ91)=.ÿ(/ÿ?;ÿB-.ÿ/>/'.0ÿ(/ÿ2.'.6(+61'(&_ÿ615(2)>ÿÿ0+6.ÿ>.16/+3ÿ=/.ÿ1&2ÿ'-.&ÿ/1)91_(&_ÿ('ÿ3+6ÿ?ÿ+&ÿ'-.ÿ(&'.6&1'(+&1)ÿ=/.2ÿ3160ÿ.=(50.&'ÿ&.',+6ÿ16.ÿ&+,ÿ'-.ÿ.5.8'1'(+&/;ÿB-.ÿ@ÿ(/ÿ19.61_(&_ÿ?;
@ÿ/=:/'1&'(1))>ÿ(056+9.2?)1/.6_=(2.2ÿ0+2.)ÿ/ÿ+33.6.2ÿ'+21>ÿ3+6ÿ?,('-ÿ1ÿ'12.(&ÿ+3ÿ?ÿ3+6ÿ-.ÿ8=66.&'ÿ/>/'.0;ÿB-.ÿ56(8.ÿ_+./ÿ=5ÿ&.'ÿ, '+ÿ?ÿ,('-ÿ1ÿ'612.(&ÿ+3ÿ?;ÿB-.ÿ@ ÿ2(9(/(+&ÿ.&_(& 6ÿ./'(01'./'-.ÿ)1/.6_=(2.2ÿ/>/'.0ÿ'+ÿ-19.ÿ1ÿ=/.3=)ÿ3.ÿ+3ÿÿ>.16/?1ÿ/1)91_.ÿ+3ÿ??1&2ÿ1&ÿ@ÿ+3ÿ?;ÿ@ÿ?ÿ016.'ÿ91)=.ÿ15561(/1)ÿ+3ÿ'-.ÿ8=66.&'ÿ/>/'.0ÿ,1/ÿ012.ÿ'+21>;
<ÿ&+ÿ3=6'-.6ÿ1&1)>/(/ÿ(/ÿ012.ÿ+&ÿ'-.ÿ./'(01'./?/'1'.ÿ'-.ÿ8+66.8'ÿ91)=./ÿ'+(&8)=2.ÿ('-.ÿ6.5)18.0.&'ÿ/'=2>ÿ(/ÿ5.63+60.2ÿ'+21>;
B1.ÿ'-.ÿ8+&/=)'1&'a/ÿ9(.,5+(&'ÿ1&2ÿ=/.ÿ'-.ÿ0+/'ÿ8=66.&'ÿ./'(01'./;
B-.ÿ2.3.&2.6a/ÿ+6(_(&1)ÿ8+/'?@?1&2ÿ/1)91_.ÿ./'(01'./?1/ÿ,.))1/ÿ(/ÿ8=66.&':++ÿ91)=.?16.ÿ1))ÿVJOJ\N4P'+ÿ'-.ÿ6.5)18.0.&'ÿ/'=2>;ÿ4OÿPIJÿMQLPÿU]J4PJLPVMNPJLÿLIQ]OWÿJÿ]LJW^6+0ÿ'-.ÿ8+&/=)'1&'a/ÿ5.6/5.8'(9.?'-.ÿ/.69(8./ÿ'-1''-.ÿ2.3.&2.6ÿ81&ÿ56+9(2.ÿ8+=)2ÿ:.ÿ+:'1(&.2ÿ1'ÿ1ÿ8+/'ÿ.=1)ÿ+ÿ'-.ÿWJTJ4WJÿMN
Trang 6001 23456 78 ÿ ÿ 4ÿ 76 76 ÿ
ÿ"ÿ#"$%ÿ&%'()
*+,-./+0+12ÿ42567+4ÿ.8+ÿ,+89:80+6ÿ71ÿ:1+ÿ:9ÿ2;:ÿ;.<4=;72>:52ÿ.ÿ4256<ÿ,+87:64,+/7?+6ÿ:8ÿ;72>ÿ:1+ÿ6+?1+6@ÿA7B58+ÿC@DÿB7E+4ÿ.1ÿ:E+8E7+;ÿ:9ÿ>+ÿ.,,8:./>ÿ2.F+1
9:8ÿ+./>ÿ4725.27:1@ÿG>+ÿ,8:/+658+ÿ674/544+6ÿ71ÿ2>74ÿ4+/27:1ÿ.,,-7+4ÿ;>+1ÿ1:ÿ4256<,+87:6ÿH,-.1171Bÿ>:87I:1Jÿ74ÿ4,+/7?+6@ÿK9ÿ.ÿ4,+/7?/ÿ150L+8ÿ:9ÿ<+.84ÿ74ÿ76+127?+6
9:8ÿ2>+ÿ8+,-./+0+12ÿ4256<M9:8ÿ+N.0,-+M:E+8ÿ2>+ÿ1+N2ÿOÿ<+.84M;72>ÿ1:ÿ/:12715.P
2:1ÿ/:1476+8+6ÿ.92+8ÿ>74ÿ20+ÿ,+87:6M2>+ÿ,8:/+658+ÿ71ÿQ+/27:1ÿC@Oÿ74ÿ.,,-7+6@Rÿ8+,-./+0+12ÿ4256<ÿ6+2+8071+4ÿ;>+1ÿ.ÿ/>. +1B+8ÿ8+,-./+4ÿ2>+ÿ71P,-./+6+9+16+8@G>+ÿ/:0,-+2+ÿ4256<ÿ74ÿ?174>+6ÿ72>+ÿ/>. +1B+8ÿSJÿ4ÿ4+-+/2+6ÿ2:ÿ8+,-./+
2>+ÿ6+9+16+8ÿHTJÿ1:;@ÿU:;+E+8M79ÿ2>+ÿ6+9+16+8ÿ74ÿ8+2.71+6ÿ1:;M2>+ÿ4256<ÿ0.<+N2+16ÿ:E+8ÿ.ÿ150L+8ÿ:9ÿ<+.84ÿ+V5.-ÿ2:ÿ2>+ÿ-7+ÿ:9ÿ2>+ÿ6+9+16+8ÿWTM.92+8ÿ;>7/>ÿ./>. +1B+88+,-./+4ÿ2>+ÿ6+9+16+8@X4+ÿ2>+ÿ.115.-ÿ;:82>ÿ.16ÿ-+ÿE.-5+4ÿ9:8ÿSÿ.16ÿT
opqqrstuG>+ÿS*ÿ/:0,:1+12ÿHG.L-+ÿC@bJÿ6:+4ÿ1:2ÿ6+/8+.4+ÿ+E+8<ÿ<+.8M:1-<
2>8:5B>ÿ<+.8ÿn@G>74ÿ74ÿ2>+ÿ+99+/2ÿ:9ÿ2>+ÿ/>.1B71Bÿ95258+ÿ0.8F+2ÿE.-5+4ÿ2>.2ÿ.8+54+6ÿ9:8ÿ>+ÿ4.-E.B+ÿ+4270.2+4ÿ71ÿ`V5.27:1ÿaC@Dc@
ÿj glDmMOne
ÿj lbDMOnel bOMhhhÿ
G:2.-ÿR_Dÿj lnhMhhhHvwxMDhyMDJz dhMhhhHvw{MDhyMDJl bOMhhh
ÿj gldbMhhh
ÿj lbeMhhhl bOMhhh
ÿG:2.-ÿR_bj lnhMhhhHvwxMDhyMbJz dDMhhhHvw{MDhyMbJl bOMhhh
Trang 72ÿNKOÿ)ÿ+ÿ%&%2ÿN6O05!ÿ!ÿ.!%&&-ÿ(ÿ(&.L*&%.
!ÿ+ÿ),L%ÿP*.ÿ)ÿQ*ÿ!ÿ.!%&&-ÿ)ÿK'%(0ÿ1!(ÿ*&%.M
ÿ(/'ÿ(ÿ.)*&0ÿS+ÿ!ÿ+ÿ(ÿ(&.L*&%ÿ)ÿ%ÿÿ+)ÿ/*
)ÿR6)ÿ'%(L3/ÿPÿ'%L*+)ÿ!ÿ+)&&),-ÿ%%&'((0
TA8UF8>;U=>B8;ÿ>A>=FCVCG
WI4ÿ%&&ÿ(%(ÿ(ÿ./ÿ+)ÿ3)!ÿ%&%2(L(*.%&&'ÿX(ÿ.)(L%M
Qÿ2%&/L%ÿ4JKYÿSÿ)L*).ÿ)ÿ(*ÿZ0ÿÿ'(ÿ%ÿ!(ÿ(ÿ'%ÿ6L*&%.
Sÿ!ÿ+ÿ(ÿ(&.ÿ%&&'ÿN(*ÿ\OL(%(ÿ%'ÿÿ/*%-ÿ%+
\ÿ'%ÿ)+ÿ)ÿN(*ÿ]O0ÿ^)((3&'ÿ!ÿ(ÿ%ÿ,ÿ3(ÿ.!%&&-ÿ)ÿ.)*%
c ÿ 456ÿ%
45Kÿ/( -ÿ "#$
ÿÿ
K%& /& %^5L ÿ 45L ) ÿ c5ÿ + ) ÿ 6ÿ %ÿ K )2 ÿ ( /'ÿ * )
defghiÿklmno45 o9 4pÿ 76
5 4 ÿ q
1,)ÿ'%(ÿ%-)L1)(!3%ÿ"&.).(ÿ%ÿ%ÿs\tÿ&)ÿ2(ÿÿ,
%((3&'ÿ&ÿ%.!'0ÿÿ*/.!%(ÿ%**)P%&'ÿ]uuÿ/(ÿ%ÿsvuLuuuÿ%.!
%ÿ*&%.ÿ!ÿÿ*&%(ÿÿ\uÿ+ÿ.)/(0ÿ1!ÿw/*ÿ()(L((L
%ÿ*+)(ÿ()M)ÿQ-ÿ)ÿ&.).ÿ.)*)(ÿÿ**%%)ÿ+)
(*.%&M*/*)(ÿ*ÿ../ÿ3)%(0ÿ4ÿ,ÿ%)%&ÿ/('ÿ(%%
w/(ÿ%ÿs\xLuuuÿ%)%&ÿ.)(ÿPÿ'%ÿN'%ÿ\ÿ)+ÿ)Oÿ)ÿ%.!ÿ/
iyz{|}i kl ~
Trang 82C>ÿ"*"9@A777ÿÿ) ÿ6ÿ&ÿ ""ÿ.ÿ
@+777ÿ ÿ) ÿ .
$. 9 >% ÿ (ÿ* 3ÿ=(%9@6A'777
?%% ÿ* 3ÿ=(%"9 "!ÿ/)ÿ+78ÿ ÿ) B"*ÿÿ 9ÿ* ÿÿDÿ* ÿ) "2C>ÿ"*"9@E777ÿÿ) ' "!ÿ/)ÿ@E777ÿ
ÿ) ÿ . '(%"ÿÿÿ@6F'777ÿÿ) G;H *ÿÿ(*ÿ"%)ÿ&#
I;2. ÿ6ÿ) '"ÿ*ÿÿ *ÿÿ.((&,%ÿ()""#ÿ-ÿ((! ÿ
*3!ÿ( !ÿ "ÿÿÿ* 3ÿ. ÿ(ÿ*"ÿ""*/()
J%*'"(()ÿ&ÿÿ&ÿ (ÿ" "ÿ.% "ÿ/%(#-ÿÿ* 3ÿ=(%ÿ. ÿÿ. ÿ"ÿ"ÿ@6+'777ÿ"ÿ) '/%ÿ
"ÿÿÿ ÿÿ=%(()ÿ!ÿÿÿ.%% K@+777ÿÿ) ÿ
ÿ& (&ÿ* 3ÿÿL ÿ. ÿ#2("'"ÿ *% ()ÿ%
J%*ÿ"ÿ* ÿ"()ÿÿ3ÿ" ='"ÿÿ"*ÿ2C>ÿÿ)
"ÿ/ÿ "ÿ.*ÿ@M777ÿÿ@6+'777ÿÿÿ@6F'777ÿ&ÿ) "ÿ%#H *ÿÿ.((&,%ÿ(*ÿ"%)ÿ()""#
\^A777_ +777ÿY`ab'678'EZc
ÿ-(ÿ2<E5 \A7'777Y`aX'678'EZ_ +7'EM7Y`ad'678'EZ
Trang 9KCONDCTÿUCICKGÿHCÿOCECLOCDÿVCKJNMCÿWHJMÿGHCÿVCGGCDÿXYÿ@EÿK@MGMÿZ384[692[\6
JLOÿC]BCKGÿ@ÿDCGJWLÿWE@Dÿ9ÿF@DCÿPCJDMTÿ^DCBJDCÿG@ÿBCDE@DFÿGHCÿ@LCSPCJDSJGCD
JLJIPMWMÿ4ÿPCJDÿD@FÿL@QT
_>`LCÿPCJDÿIJGCD6GHCÿMWGNJGW@LÿHJMÿKHJLaCOÿMWaLWRKJLGIPÿE@DÿGHCÿCbNWBFCLG
?@MHWVJÿDCGJWLCOÿIJMGÿPCJDTXBBIPÿGHCÿMGCBMÿE@DÿHCÿ@LCSPCJDSJGCDÿJLJIPMWMc
d>XEGCDÿ4ÿPCJDÿ@EÿOCECLOCDÿDCGCLGW@L6GHCÿKHJIICLaCDÿCMGWFJGCMÿJDCÿMGWÿDCJS
M@LJVIC6VNGÿHCÿOCECLOCDÿFJDeCGÿfJINCÿJLOÿX`gÿCMGWFJGCMÿJDCÿMNVMGJLGWJII
OWECDCLGTh@ÿG@ÿMGCBÿ9ÿG@ÿBCDE@DFÿJÿLCQÿiUjÿJLJIPMWMÿE@DÿHCÿOCECLOCDT
k>?HCÿOCECLOCDÿCMGWFJGCMÿWLÿ?JVICÿ<T5ÿZV@GG@F\ÿJDCÿNBOJGCOÿVCI@Q6JLOÿLCQ
XYÿfJINCMÿJDCÿKJIKNIJGCOTÿ?HCDCÿWMÿL@QÿJÿFJ]WFNFÿ@Eÿ5ÿF@DCÿPCJDMÿ@E
Trang 10001 23456 78 ÿ ÿ 4ÿ 76 76 ÿ
ÿÿÿÿ !ÿ"#ÿ ÿ$ÿÿ %&&'(#ÿ%'!ÿ ##'ÿ)%#*ÿ+%&
ÿÿ!'!#ÿÿ %&&!ÿÿ-./01/23./45#ÿ.66.728/329:-.;2ÿ4667.4-=ÿ%ÿ#&% >)'ÿ!?@ÿA=3;ÿ3;ÿ2=1ÿ-.771-2ÿ4667.4-=BC'#D,' ## ÿ)!ÿ,ÿ',!ÿ %>EFÿ%#% D,'ÿF, ÿÿ!'!#Gÿ)%#*ÿ+%&ÿ,ÿH#% !ÿ#)ÿ %&&'(#Gÿ"#ÿ ÿ%'!ÿÿ!'!#Gÿ"#ÿ ÿÿI%&ÿÿJ#@ÿÿ%)ÿ >'), ÿ! ,,'ÿ#&ÿ,'(ÿ,#ÿ%#% DHÿ%ÿ%&&?ÿ&Fÿ %&&'(#ÿ %,%&
# +#?ÿKLMNÿ%)'ÿ,ÿ %& &%!ÿ,'(ÿ %ÿEFÿ,' ÿÿ %&&'(#Gÿ$,)%ÿ,ÿ&F#!ÿ#ÿÿ+%&%,'@ÿ,D&ÿÿ% ÿ%ÿÿI%&ÿ#+, ÿ%)>
'ÿ,ÿ+,&%!ÿF'ÿ!'!#ÿ%'!ÿ %&&'(#ÿ&,+ÿ%#ÿ'I%&D)%*ÿ,ÿ',%&
%ÿÿ%#% ÿ,#%!ÿ,'ÿO%)&ÿP@QÿHÿ%*'ÿ,'ÿ%&&#&% )'ÿ!,@
RS T UVWVXUVYÿYV[\]^V_VX`ÿa]\bVc',)ÿ,ÿ,ÿ&&ÿÿ*'Fÿÿ),',))ÿ!'!#ÿ)%#*ÿ+%&ÿ%D,
!!DF,&ÿ)%*ÿÿ %&&'(#ÿÿH#ÿ%&#'%,+@ÿ,ÿ!'!#ÿ+%&D %&&!ÿ,ÿ71654-1d1/2ÿ04581ÿefghi?,&!ÿ%ÿH#%*+'ÿ+%&ÿHF'ÿ %&&'(#ÿ%'!
!'!#@ÿMjÿ,ÿ'!ÿH?ÿ'(ÿCkLl CkmF,ÿÿ!'!#Gÿ"#ÿ ÿ$
#&% !ÿH?ÿÿ'*'F'ÿMj@ÿ'ÿO%)&ÿP@QoDCkLlpqrPDrsQDF, ÿ,ÿ&%#(#
%'ÿCkml pqrtDQut@ÿv,'(ÿÿ,)%ÿ,'ÿ%H&ÿP@sDÿ%&#'%,+ÿ%#
I%&&?ÿ%% ,+ÿ%ÿMjÿl pssDQwrD!#),'!ÿ)ÿÿH#%*+'ÿ#&%,'@
C'?ÿ#%!>,'ÿ#ÿK)%#*ÿ+%&Nÿ%H+ÿ,ÿ%)'ÿ,ÿ%'ÿ '), ÿ,'!, %,'ÿ
#&% ÿÿ!'!#ÿ'F@ÿÿ ##'ÿ)%#*ÿ+%&ÿF%ÿ,)%!ÿ%ÿprxDuuuD
ÿ!'!#Gÿ& ,'ÿ,'ÿO%)&ÿP@QoB
RS y YV[\]^V_VX`ÿz`bU{ÿ|aVYÿ]ÿz[V^} W} VUÿz`bU{ÿ[VY} |U
ÿ#,(ÿH#%' ÿÿ~,(#ÿP@sÿ%&,ÿF'ÿÿ,)ÿ#,!ÿ#ÿÿ#&% )'
!?ÿ,ÿ&),!ÿÿ%ÿ ,"!ÿ!?ÿ#,!ÿ#ÿ&%'','(ÿ#,J'D#ÿ%)&DQÿ?%#@
n'ÿ,ÿ %Dÿ'&?ÿ#&+%'ÿ %ÿEFÿ%#ÿÿ%ÿ #ÿF,,'ÿÿQ>?%#
Fÿ& ÿÿ %&&'(#ÿH%!ÿ'ÿ,ÿ%+#%H&ÿCkÿ+%&@ÿ##D#&%
ÿ!'!#ÿ'FD'ÿsÿ?%#ÿ#)ÿ'F@ÿO ÿÿ*ÿÿ %&&'(#ÿ#w?%#D#ÿ',%ÿH#ÿ %&&'(#ÿ%%#ÿ'ÿÿ '@
m'!#'FÿCkml pqsuDrPÿ#ÿml sÿ)#ÿ?%#L%&&'(#' %'(!ÿ%ÿCkLl pqrPDrsQÿ#ÿLl wÿ?%#
Trang 11IPsa pbrEccc^tuvEbcdEb`w b_Eccc^tuxEbcdEb`p _cEccc
ÿa op_cEcccÿ
IPya prcEccc^tuvEbcdEb`w qcEccc^tuxEbcdEb`p rccc
Trang 12001 23456 78 ÿ ÿ 4ÿ 76 76 ÿ
ÿÿÿÿ !" #ÿ ÿÿ#$%&ÿ ÿ'ÿÿÿ(#(ÿ%'ÿ&
"#(ÿ& ÿ!)%#ÿ*"ÿÿ)#+,ÿ-ÿ!ÿ"ÿ ÿ( !ÿÿ$).)" #ÿ !" #ÿ#(ÿ"/0ÿ$1ÿ2 ÿ3%!,"ÿÿ$('ÿ!" (ÿ"ÿ4ÿ',
#(ÿÿ(#(ÿ*"%"#ÿ"#ÿ")ÿ5', ÿ6ÿ', ÿ7ÿ',) ÿ"%
%$ÿ&ÿ%(ÿ ÿ(%"#ÿ/0ÿ$ÿ ÿ)ÿ(#(ÿ#" #ÿ!" (1ÿ#ÿ"),ÿÿ $ÿ !" #8ÿ)%ÿ0,9,:,#(ÿ;1
<=2 ÿÿ7.'ÿ$('ÿ!" (,ÿ/0ÿ>$" #ÿ
?)ÿÿ(#(1
ÿ@ AB5C,E 56,B N6D,DDDFG7DCDDDFGH HI,I,5DJ,5DJ,7KLFM5KE ODDDFGHG,5DJ,7KHI,5DJ,6K
ÿ/0P@ B54,DDDFMHG,5DJ,7KE CQODFMHI,5DJ,7Kÿ@ AB5R,B N4DDDE 6DDDFM6S4 HT,5DJ,7KL
mnopqrm st u /% ) ÿU#(ÿÿ "-(ÿ>$"!%#ÿ!)(ÿ"# ÿ")ÿ4ÿ'ÿ+ ÿ ÿ*")
ÿ!)%#ÿ$('ÿÿ&#ÿ>$(1ÿP$ÿ ÿ"ÿ!)"ÿ!$! ,"ÿ&#()"((ÿÿÿ)$#ÿ>$"!%#ÿ*"ÿ ÿÿ ÿ"ÿ6,7, ÿSÿ% 'ÿ& ÿ!)%#1ÿjÿ>$"!%#ÿÿÿ)$#ÿ%vÿ$ÿ A5DD,DDD,*")ÿ"ÿ3!)(ÿ ÿ()ÿ&'ÿA64,DDDÿ!ÿ'1jÿ/wUÿ"ÿ) #
#ÿ# *,#(ÿ"ÿ3!)(ÿ ÿ%"#ÿ ,ÿA64,DDDÿ!ÿ'1jÿ!)%#)#+ÿÿÿ-3(.!")ÿ) #)ÿ ÿ! "(ÿÿ%ÿ")ÿÿAQD,DDDÿ!'ÿ ÿÿ%"#"%$%ÿ ÿ6ÿ'ÿ#(ÿÿ%3"%$%ÿ ÿ4ÿ'1ÿxÿy/zzÿ ÿ56J
!ÿ'ÿ ÿ! %ÿÿ!)%#ÿ$('ÿ ÿÿQ.'ÿ!" (ÿ ÿ(%"#ÿ*#
ÿÿ)$#ÿ>$"!%#ÿ#(ÿ!$)ÿÿ) #)ÿ")1
Trang 1301 23456 ÿ ÿ 4 ÿ 7ÿ 4ÿ ÿ 4
!"##$
%&'() *'"( /ÿ12345 6ÿ12345
XL4ÿ3JJLOEBLC5MEF2ÿDF3JJ2CY24ÿF35ÿ3Cÿ3CCT3JÿIL4EFÿLH
S3KJ2ÿZR6ÿO4252CE5ÿEF2ÿD35Fÿ[LI5ÿ3CGÿ\]ÿN3JT25ÿHL4ÿ23DFÿLOEBLCÿLN24ÿF2ÿ^_1234
5ETG1ÿO24BLGRÿ`ÿ53WOJ2ÿ\]ÿDLWOTE3EBLCÿHL4ÿLOEBLCÿ7ÿB
aOEBLCÿ9ÿF35ÿEF2ÿJLI25EÿDL5Eÿ\]ÿN3JT2ÿPbc/6dM8^ZQRÿe22OÿEF2ÿG2H2CG24ÿ3JJ
6ÿ12345MEF2Cÿ42OJ3D2ÿBEÿaKNBLT5J1MEF2ÿ53W2ÿ3C5I24ÿIBJÿ425TJEÿBHÿEF2ÿ3CCT3J
IL4EFML4ÿTET42ÿIL4EFMLHÿ23DFÿLOEBLCÿB5ÿD3JDTJ3E2Gÿ3EÿF2ÿf`ggR
Trang 14001 23456 78 ÿ ÿ 4ÿ 76 76 ÿ
ÿ !ÿ"#$%ÿ&!'()$ÿ("ÿ*)+,ÿ!+)#, -(ÿ("ÿ&)""(.*!ÿ /ÿ !ÿ012ÿ)ÿ !
3 /**!+,!'ÿ" )#*$ÿ.!ÿ$!!'4(+!$ÿ/+$ÿ("ÿ56ÿ7/*#!ÿ#"!$ÿ(+ÿ$!7!*)&(+,ÿ !ÿ)&()+"/+$ÿ3/" ÿ8)9ÿ"!'(!":ÿ5+ÿ)&()+ÿ4/%ÿ(+3*#$!ÿ4)'!ÿ /+ÿ)+!ÿ*(!ÿ3%3*!ÿ)ÿ !
3 /**!+,!'ÿ)'ÿ"ÿ012ÿ&!'()$:ÿ;/'/*ÿ!ÿ3%3*!"ÿ)ÿ !ÿ3 /**!+,!'ÿ3/+ÿ.!ÿ(+3*#$!$:
<!,/'$*!""-/+%ÿ%!/'"ÿ.!%)+$ÿ !ÿ"#$%ÿ&!'()$ÿ4#"ÿ.!ÿ$("'!,/'$!$ÿ)'ÿ !'!&*/3!4!+ÿ"#$%-)'ÿ!/!$ÿ!=&*(3(%-(+ÿ)'$!'ÿ)ÿ!+"#'!ÿ /ÿ!>#/*?"!'7(3!ÿ3)4?
&/'(")+ÿ("ÿ4/(+/(+!$-!"&!3(/**%ÿ(;6ÿ("ÿ#"!$ÿ)ÿ"!*!3ÿ !ÿ.!"ÿ)&()+:
@ABCDE@ FG H I !ÿJ/7/'')ÿK)#+%ÿL("'3ÿ /"ÿ&#'3 /"!$ÿ+!9ÿMNOP-PPPÿ'#,,!$ÿ'!+3 (+,
!>#(&4!+ÿ)'ÿ&'!&/'(+,ÿ#(%ÿ3#"ÿ(+ÿ7!'%ÿ')3Q%ÿ/'!/":ÿR!3/#"!ÿ)ÿ& %"(3/*
$!!'()'/()+ÿ/+$ÿ !/7%ÿ9!/'ÿ/+$ÿ!/'-4/'Q!ÿ7/*#!ÿ9(*$!3'!/"!ÿSPTÿ&!'ÿ%!/'/++#/**%ÿ/+$ÿ5UKÿ9(*ÿ(+3'!/"!ÿSPTÿ/++#/**%ÿ')4ÿ !ÿ!=&!3!$ÿ5UKÿ)MVS-PPPÿ(+ÿ%!/'ÿV:ÿK/&(/*ÿ!>#(&4!+ÿ&)*(3%ÿ$(3/!"ÿ/ÿO?%!/'ÿ'!!+()+ÿ&!'()$:R!+W/4(+-/ÿ%)#+,ÿ!+,(+!!'ÿ9( ÿ !ÿ3)#+%-9/+"ÿ)ÿ3)+X'4ÿ /ÿOÿ%!/'"ÿ("
!ÿ.!"ÿ*(!ÿ!"(4/!:ÿ5ÿYZ OTÿ&!'ÿ%!/'- !*&ÿR!+W/4(+ÿ&!')'4ÿ !ÿ"&'!/$?
" !!ÿ/+/*%"(":
[\]^_`\a
0>#/()+"ÿbc:deÿ/+$ÿbc:Seÿ/'!ÿ$!!'4(+!$ÿ#"(+,ÿ !ÿ;fIÿ#+3()+":ÿg(,#'!ÿc:3)*#4+"ÿRÿ/+$ÿK-$!/(*ÿ !ÿ/++#/*ÿh/+$ÿ5UKÿ7/*#!"ÿ)7!'ÿ/ÿVS?%!/'ÿ&!'()$:
S-I !ÿ'(, ÿ"($!ÿi3)*#4+"ÿLÿ/+$ÿ0jÿ" )9"ÿ !ÿK<ÿ/+$ÿ56ÿ)ÿ5UKÿ7/*#!"ÿ)'V ')#, ÿk%!/'"ÿ)ÿ)9+!'" (&:
U+3!ÿ !ÿ#+3()+"ÿ/'!ÿ"!ÿ#"(+,ÿ3!**ÿ'!!'!+3!ÿ)'4/+,- !%ÿ3/+.!$'/,,!$ÿ$)9+ÿ ')#, ÿ !ÿ%!/'":5"ÿ/+ÿ!=/4&*!-9 !+ÿkZ d- !ÿ#+3?
)+ Z l;fIiOT-d-lNOPPPP-mVnOPPjÿ$("&*/%"ÿK<ÿZ MldOS-cnSoÿ/+$
FG H p[q rsÿ[Du@Bv[w@@x[ÿyzuÿBÿu@DEB{@C@rxÿ[xpv|
I ("ÿ"!3()+ÿ(+3*#$!"ÿ9)ÿ!=/4&*!":ÿI !ÿX'"ÿ(*#"'/!"ÿ !ÿ#"!ÿ)ÿ/ÿ"&'!/$" !!
)ÿ$!!'4(+!ÿ !ÿ012ÿ)ÿ/+ÿ/""!:ÿI !ÿ"!3)+$ÿ$!4)+"'/!"ÿ/ÿ)+!?9)'Q" !!'!&*/3!4!+ÿ"#$%-(+3*#$(+,ÿ012ÿ$!!'4(+/()+ÿ)**)9!$ÿ.%ÿ/ÿ.'!/Q!7!+ÿ/+/*%"("
$!4)+"'/!"ÿ ("ÿ!3 +(>#!:
g)'ÿ56ÿ)ÿ5UKÿ3)4&)+!+Z l;fIiYT-k-J;iYT-5UKV5UKkjjg)'ÿK<ÿ3)4&)+!+Z l;fIiYT-k--hj
Trang 1501 2345 67ÿ 4ÿ ÿ ÿ 9
ÿÿ !"ÿ#$%"ÿ&ÿ!"ÿ&'"ÿ$(")*+""ÿ&ÿ,'*ÿ+"ÿ-./ÿ0)%!"1$"(2&(#ÿ+"
("$%)3"#"'ÿ!*41)'*12ÿ*"("*1,'*ÿ+"ÿ56ÿ0)%!"ÿ2&(ÿ+"ÿ*"2"'*"(7ÿ8+"ÿ9:8
2!'3&'ÿ*""(#'"ÿ+"ÿ&)%ÿ;<ÿ0)%!"ÿ'ÿ+"ÿ)#"ÿ=)4ÿ)ÿ+"ÿ$("0&!ÿ">)#$%"7
8+"ÿ("!%'?ÿ-./ÿ)'*ÿ;<ÿ0)%!"ÿ)("ÿ!"*ÿ&ÿ#)@"ÿ+"ÿ("$%)3"ÿ&(ÿ")'ÿ*"3&'7
8+"'1+"ÿ" !0)%"'ÿ&2ÿ"'?ÿ!$ÿ+"ÿ56ÿ("%)&'ÿ&2ÿ;<AB;<Cÿ)33&#$%+"*
D4ÿ)$$%4'?ÿ+"ÿEF;/ÿ. Gÿ&&%7;'ÿ!()&'ÿ&2ÿ+ÿ"2,3"'ÿ!"ÿ&2ÿ)ÿ$(")*H
+""ÿ2&%%&=7
B I9:8JKL1M1N96JKL1M1AOPAKQQÿ*$%)4ÿ;<ÿ&2ÿ;FAÿ)ÿRISO1TUM7ÿ8+"
&)%ÿ;<ÿÿRIMVW1WVV7QÿA"%%ÿ)?ÿ*")%ÿ+"ÿ2!'3&'ÿ2&(ÿ4")(ÿSXÿ!'?ÿ3"%%
("2"("'3"ÿ2&(#)'?7
A)("ÿÿ'""*"*ÿ=+"'ÿ'"('?ÿ#'!ÿ?'ÿ&'ÿ"#)"ÿ)'*ÿ2!'3&'ÿ'
&(*"(ÿ&ÿ"'!("ÿ3&(("3ÿ)'="(7ÿY&(ÿ">)#$%"1+"ÿ,(ÿ3&ÿZ+)ÿ)ÿ#'!ÿ?'1
&ÿ+"ÿJ$&0"Qÿ)%0)?"ÿ0)%!"ÿJ3"%%ÿ[OQÿÿ3)%3!%)"*ÿ!'?ÿ)ÿ$%!ÿ?'7ÿ/@"H
="1+"ÿ9:8ÿ2!'3&'ÿ)("ÿ$("3"*"*ÿD4ÿ)ÿ#'!ÿ&ÿ"'!("ÿ+)ÿ+"ÿ)'="(
("#)'ÿ)ÿ'"?)0"ÿJ3&Q)#&!'7
8+"ÿ%&="ÿ&)%ÿ;<ÿ0)%!"ÿ'ÿ+"ÿ)D%"ÿ)'*ÿ+"ÿ3+)(ÿ'*3)"ÿ)'ÿ-./ÿ&2
SUÿ4")(7ÿ8+"ÿ*2"("'3"ÿ'ÿ&)%ÿ;<ÿ)("ÿ?',3)'%4ÿ%&="(ÿ2&(ÿSUÿ+)'ÿ2&(
K4")(ÿJRISKW1OXUÿ07ÿRISTX1OUKQ78+"("2&("1+"ÿKH4")(ÿ""'&'ÿ$"(&*ÿ*3H
)"*ÿD4ÿ3&!'4ÿ$&%34ÿ=%ÿ+)0"ÿ)'ÿ" !0)%"'%4ÿ+?+"(ÿ)''!)%ÿ3&ÿD)"*ÿ&'
+"ÿ"#)"7
\]^_`aÿcdef 5 5 6ÿ ÿ g9hÿ 45 67ÿ ijkÿ 6 5 64l ÿ ÿ 01 21
Trang 16012 34567 89 ÿ 5887 ÿ 5ÿ 87 87 ÿ 8
!"#"$ÿ$& ÿ#"$'($")*ÿ"*ÿ+,(-./ ÿ0121ÿ3# ÿ$& # ÿ #$"-($ #ÿ(*4ÿ)* ÿ#.5 (4#& $
678ÿ)ÿ4 $ 5-"* ÿ$& ÿ+9:ÿ!(/' #;6<8ÿ)ÿ4 ="4 ÿ$)ÿ5 /(= ÿ)5ÿ $("*ÿ$& ÿ4 > *4 5;(*4ÿ6?8ÿ)ÿ@*4ÿ$& ÿ-"*"-'-ÿ4 > *4 5ÿ-(5A $ÿ!(/' ÿ$)ÿ-(A ÿ$& ÿ=&(// *B 5ÿ-)5($$(=$"! ÿ =)*)-"=(//C1
DEFGHIEJ
KLM"B'5 ÿ01Nÿ"*=/'4 #ÿ(// #$"-($ #ÿ(*4ÿ>'*=$")*#ÿ$&($ÿ4 $ 5-"* ÿ$& ÿ$)$(/ÿOP(*4ÿ+9:ÿ!(/' #1
- -Q 5ÿ$)ÿ'# ÿ-"*'#ÿ#"B*#ÿ=)55 =$/Cÿ#)ÿ$&($ÿ=)#$#ÿ(*4ÿ#(/!(B ÿ!(/' #
&(! ÿ$& ÿ=)55 =$ÿ#"B*ÿ# *# 1RL $("*"*Bÿ$& ÿ4 > *4 5ÿ#ÿ =)*)-"=(//Cÿ>(!)5(Q/ ÿ#"*= ÿ"#ÿ$)$(/ÿOPÿ"#ÿ/)S 51TL3# ÿUVO:ÿ9++Wÿ$)ÿ# $ÿ$& ÿ4 > *4 5ÿ$)$(/ÿOPÿ>)5ÿ2ÿC (5#ÿ X'(/ÿ$)YZ[0;[\2;$& ÿ=&(// *B 5ÿ$)$(/ÿOPÿ($ÿ"$#ÿ+9:ÿ)>ÿNÿC (5#1ÿ]&"#ÿ"#ÿ*)5^-(//Cÿ(==)-./"#& 4ÿ)*ÿ$& ÿ#(- ÿS)5A#& $1ÿ_)S ! 5;>)5ÿ=/(5"$C;$&
4 > *4 5ÿ.)5$)*ÿ>)-ÿM"B'5 ÿ01Nÿ"#ÿ4'./"=($ 4ÿ"*ÿM"B'5 ÿ01`ÿ6).ÿ.(5$S"$
$& ÿUVO:ÿ9++Wÿ#=5 *ÿ(44 41ÿ*ÿ#&)5$;$&"#ÿS"/>)5= ÿ$& ÿ4 > *4 5ÿ-(5^
A $ÿ!(/' b@5#$ÿ=)#$ÿ&"B& 5ÿ='55 *$/CÿYZ[`;ccc8ÿ#)ÿ"#ÿ$)$(/ÿOPÿB) #ÿ>YZ[d;2cdÿ$)ÿ$& ÿ=&(// *B 5ÿOP;S&"=&ÿ"#ÿYZ[0;[\21ÿ]&"#ÿ"#ÿ$& ÿ.)"*$ÿ)>Q5 (A ! *ÿQ $S *ÿ$& ÿ$S)ÿ(/$ 5*($"! #1ÿa*"$($")*ÿ)>ÿUVO:ÿ9++W
)-e > *4 5f-"*"-'-ÿ$)$(/ÿOP g YZ[d;2cdhÿ+9:g 2ÿC (5#i&(// *B 5f-"*"-'-ÿ$)$(/ÿOP g YZ[0;[\2hÿ+9:g NÿC (5#
jklmnÿp q69 854887 ÿ 87 89 57 ÿ r ÿ sÿ 7 7ÿ tuÿ r ÿ 7 ÿ 5ÿ vqwÿ s8y ÿ 8ÿ { |{
Trang 18;A6ÿ4<<6;K<ÿEF2ÿ86ÿ9?986ÿS6ÿ=<6>ÿB2ÿ;A6ÿ9E:745B
<E2@BDA6ÿ<;=>?ÿ765BE>ÿB<ÿTUVÿ=28B:B;6>@TWVÿ:B;6>
FA656B2ÿ;A6ÿ765BE>ÿXYÿ[\]42ÿ6L62ÿ:=8;786ÿEDÿ4<<6;
8L6<@42>ÿT^Vÿ:B;6>ÿFA656B2ÿ;A6ÿ765BE>ÿXY4ÿ:=8C
;A6m5<;ÿwÿ?645<ÿ42>ÿn{jk@kkkÿDE5ÿA6ÿ26`;ÿwÿ?645<apA6ÿ<48L4R6ÿL48=6ÿEDÿA6ÿ6t=B7:62;ÿ<ÿ6`769;6>ÿ;S6ÿnjxk@kkkÿDE5ÿA6ÿm5<;ÿwÿ?645<@S=;ÿ>=6ÿ;EÿES<EC
86<96296@B;ÿFE2K;ÿA4L6ÿ4ÿ<BR2Bm942;ÿL48=6ÿ4D;65
;A4;a|;ÿ42ÿB2;656<;ÿ4;EDÿjklÿ765ÿ?645@>6;65:B26
;A6ÿ69E2E:B9ÿ<65LB96ÿ86ÿEDÿA6ÿ6t=B7:62;ÿ42>ÿ;A64<<E9B4;6>ÿ422=48ÿFE5;Aa
./}|ÿ9E2<;5=9;BE2ÿ9E:742?ÿSE=RA;ÿ4ÿjzk@kkkÿ:6;5
;E2ÿ645;Aÿ<BD65ÿ4;ÿ4ÿ9E<;ÿEDÿn~y@kkkaÿpA6ÿ9E:742?6`769;<ÿ;EÿJ667ÿ;A6ÿ6t=B7:62;ÿ4ÿ:4`B:=:ÿED
?645<aÿpA6ÿE7654;B2Rÿ9E<;ÿ<ÿ6`769;6>ÿ;EÿDE88EFÿ;A6
<65B6<ÿ>6<95BS6>ÿS?ÿxk@kkkÿ jk@kkk@FA656ÿB<
;A6ÿ2=:S65ÿEDÿ?645<ÿ296ÿBF4<ÿ7=59A4<6>ÿTij
;A5E=RAÿVapA6ÿ<48L4R6ÿL48=6ÿB<ÿ6<;B:4;6>ÿ;EÿS6nwk@kkkÿDE5ÿ?645<ÿjÿ42>ÿ{ÿ42>ÿn{k@kkkÿDE5ÿ?645<ÿw
;A5E=RAÿaÿ|;ÿXijklÿ765ÿ?645@>6;65:B26ÿ;A6ÿ69EC2E:B9ÿ<65LB96ÿ86ÿEDÿA6ÿ<BD65ÿ42>ÿ;A6ÿ4<<E9B4;6>422=48ÿFE5;Aa
./|ÿ845R6ÿA64;ÿ;564;B2RÿEL62ÿTFB;Aÿ477=5;624296<V
DE5ÿ7EF>65C9E4;B2Rÿ4=;E:ESB86ÿD4:6<ÿ42>ÿ845R67B696<ÿEDÿD=52B;=56ÿF4<ÿ7=59A4<6>ÿDE5ÿn~k@kkkapA6ÿ6<;B:4;6>ÿE7654;B2Rÿ9E<;<@:4B2;624296ÿ9E<;<@42>ÿ<48L4R6ÿL48=6<ÿ456ÿ<AEF2ÿS68EFaÿh6;65:B26
;A6ÿ69E2E:B9ÿ<65LB96ÿ8B6ÿ42>ÿ;A6ÿ4<<E9B4;6>422=48ÿFE5;Aa
FAB9Aÿ>69564<6<ÿS?ÿjylÿ765ÿ?645@B<ÿ>6<95BS6>ÿS?
;A6ÿ6t=4;BE2ÿik@kkkTjÿkajyV[@FA656ÿ[B<ÿ;A6
2=:S65ÿEDÿ?645<ÿ;65ÿ7=59A4<6aÿpA6ÿE7654;B2Rÿ9E<;
EDÿA6ÿ>E65ÿFB8S6ÿ9E2<;42;ÿ4;ÿny@kkkÿ765ÿ?645a
Trang 19ÿÿ )ÿ /ÿ$ÿ )ÿÿ) ÿ*18,,,ÿ ...
aOEBLCÿ9ÿF35ÿEF2ÿJLI25EÿDL5Eÿ\]ÿN3JT2ÿPbc/6dM8^ZQRÿe22OÿEF2ÿG2H2CG24ÿ3JJ
6ÿ 123 45MEF2Cÿ42OJ3D2ÿBEÿaKNBLT5J1MEF2ÿ53W2ÿ3C5I24ÿIBJÿ 425 TJEÿBHÿEF2ÿ3CCT3J
IL4EFML4ÿTET 42? ?IL4EFMLH? ?23 DFÿLOEBLCÿB5ÿD3JDTJ3E2Gÿ3EÿF2ÿf`ggR