3 5 formulas for net present value method

... rate) 1.09 = (1 + rreal) × (1.03) rreal = 0.0583 = 5.83% Net Cash Flow -35,000.0 8,433.0 8,433.0 8,433.0 8,433.0 8,433.0 8,433.0 8,433.0 23,433.0 NPV (at 5.83%) = $27,254.2 1 If the spare warehouse ... × 65) + (.35 × 1249 × 25,000) 442.9 5 -1,000 (-1,000 × 65) + (.35 × 0893 × 25,000) 131.4 6 -1,000 (-1,000 × 65) + (.35 × 0892 × 25,000) 130.5 7 -1,000 (-1,000 × 65) + (.35 × 0893 × 25,000) 131.4 ... machine The present value of this alternative is: 5 4 3 2 1 1.12 30 1.12 30 1.12 30 1.12 30 1.12 30 20 0)] .35(50 [0 50 $93.80 1.12 0) (5 0.35 1.12 5 5 + The equivalent annual cost for the five-year

Ngày tải lên: 10/08/2016, 20:23

... 5 Revenue $433,333 $450,000 $266,667 $200,000 $133,333 Expenses $200,000 $150,000 $100,000 $100,000 $100,000 Earnings before Depreciation $233,333 $300,000 $166,667 $100,000 $ 33,333 Depreciation ... $100,000 Earnings before Taxes $133,333 $200,000 $ 66,667 $ 0 $ 66,667 Taxes (25%) 33,333 50,000 16,667 0  16,667 Net Income $100,000 $150,000 $ 50,000 $ 0 $ 50,000 Average net income  ...  3,005  2,732  3,105  $12,313 The present value of the expected cash fl ows is $12,313, but the cost of getting those cash fl ows is only $10,000, so the NPV is $12,313  10,000  $2,313

Ngày tải lên: 10/09/2017, 08:12

... cash flows, net income and book value data: – – – – – Year 0: CF = -165 000 Year 1: CF = 63 120 NI = 13 620 Year 2: CF = 70 800 NI = 300 Year 3: CF = 91 080 NI = 29 100 Average book value = $72 ... decision rule adjust for the time value of money? – Does the decision rule adjust for risk? – Does the decision rule provide information on whether we are creating value for the firm? Copyright ... prepared by David E Allen and Abhay K Singh 8-5 Net present value • The difference between the market value of a project and its cost • How much value is created from undertaking an investment?

Ngày tải lên: 02/03/2020, 13:11

... 0.5% 21/02/2007 0.3% 0.1% 31/10/2008 19/12/2008 Giá trị rịng DANH SÁCH NHĨM BUZINESS Võ Thị Như Ánh 33k07.2 Võ Thị Thúy Hằng 33k07.2 Lê Thị Trung Hoa 33k07.2 Lê Thị Kim Khánh 33k07.2 Hoàng ... Hằng 33k07.2 Lê Thị Trung Hoa 33k07.2 Lê Thị Kim Khánh 33k07.2 Hoàng Nam 33k07.2 Phạm Trần Thảo Nguyên 33k07.2 Phet 33k07.1 Giá trị ròng Trường hợp kỳ hạn Trường hợp nhiều kỳ hạn Kỳ ghép lãi ... năm sau là: PV = 91.000$ / 1,1 = 82.727,27$ -Giá trị ròng khoản đầu tư: NPV = -85.000$ + 82.727,27$ = -2.272,73$ Vì NPV

Ngày tải lên: 31/07/2020, 10:59

... adjust for the time value of money? – Does the decision rule adjust for risk? – Does the decision rule provide information on whether we are creating value for the firm? Trang 5Project Example Information• ... flows: – Year 0: CF = -165,000 – Year 1: CF = 63,120; NI = 13,620 – Year 2: 70,800; NI = 3,300 – Year 3: 91,080; NI = 29,100 – Average Book Value = 72,000 • Your required return for assets of this ... 8Computing NPV for the Project• Using the formulas: – NPV = 63,120/(1.12) + 70,800/(1.12) 2 + 91,080/(1.12) 3 – 165,000 = $12,627.42 • Using the calculator: – CF0 = -165,000; C01 = 63,120; F01 =

Ngày tải lên: 21/09/2020, 14:18

... cash flows, net income and book value data: – Year 0: CF = -165 000 – Year 1: CF = 63 120 NI = 13 620 – Year 2: CF = 70 800 NI = 3 300 – Year 3: CF = 91 080 NI = 29 100 – Average book value = $72 ... rate. Value   Book   Average Income Net    Average AAR Trang 20Computing AAR for the – Average book value = $72 000 • Required average accounting return = 25% • Average net income:  ($13 620 + 3300 ... 3300 + 29 100) / 3 = $15 340 • AAR = $15 340 / 72 000 = 213 = 21.3% • Do we accept or reject the project? Trang 21Decision criteria test—AAR• Does the AAR rule account for the time value of money?

Ngày tải lên: 05/11/2020, 03:12

... ư 150.000 1.15  Năm 1: 0 Năm 2: 0 Năm 3: $100.000 1.15 $132.000 1.15 2$289.570 V i dòng ti n đã đớ ề ược hi u ch nh, chúng ta tính IRR và đệ ỉ ược 15,36%, t c là MIRR =15,36%.ứ V i 3 ... +$0 Year 2: +$0 Year 3: $150.000100.000 1.15 132.000 1.15 2$139.570 V i dòng ti n đã đớ ề ược hi u ch nh, chúng ta tính IRR và đệ ỉ ược 15,75%, t c là MIRR =15,75%.ứ Ph ươ ng pháp k ... ti n năm 1 = $6.500/1,14 ệ ủ ề = $5.701,75 Hi n giá c a dòng ti n năm 2 = $7.000/1,14ệ ủ ề 2 = $5.386,27 Dòng ti n ề Trang 4Hi n giá c a dòng ti n năm 3 = $7.500/1,14ệ ủ ề 3 = $5.062,29Hi n giá

Ngày tải lên: 13/01/2023, 09:59

... String Methods The string type, like the System.Console type, includes several methods There are methods, for example, for formatting, concatenating, and comparing strings The Format() method ... equivalent of 15 The XOR result would be 00001011, or decimal 11 Listing 3.37 demonstrates how to use these bitwise operators The results of Listing 3.37 appear in Output 3.18 Listing 3.37: Using ... power of value Furthermore, from the result, it is also necessary to subtract This is demonstrated in Figure 3.3 1 1 -7 = -4 -2 +0 -1 Figure 3.3: Calculating the Value of a Signed Byte Therefore,

Ngày tải lên: 12/08/2014, 16:21

... implementing type is of little value 303 304 Chapter 7: Interfaces Each interface member behaves like an abstract method, forcing the derived class to implement the member Therefore, it is not possible ... Extension Methods class Program { public static void Main() { Contact[] contacts = new Contact[6]; contacts[0] = new Contact( "Dick", "Traci", "123 Main St., Spokane, WA 99037", "123-123-1234"); ... http://ndoc.sourceforge.net to learn more about this tool 377 378 Chapter 9: Well-Formed Types The emphasis in this statement lies with memory and references The garbage collector is only responsible for restoring

Ngày tải lên: 12/08/2014, 16:21

... type. 3 Serialize the object to a file Document documentAfter; using (stream = File.Open( documentBefore.Title + ".bin", FileMode.Create)) { BinaryFormatter formatter = new BinaryFormatter(); ... (stream = File.Open( documentBefore.Title + ".bin", FileMode.Open)) { BinaryFormatter formatter = new BinaryFormatter(); documentAfter = (Document)formatter.Deserialize( stream); ... with System.Win- dows.Forms.Application.UserAppDataPath.Replace( "\\", "+" ) instead.This requires a reference to the System.Windows.Forms assembly Trang 37Synchronization 687Reset

Ngày tải lên: 12/08/2014, 16:21

... thespecifications For example, some implementations will not compile all thenewer syntax All implementations, however, are intended to comply withthe ECMA-334 specification for C# 1.01 and the ECMA-335 specificationfor ... and the NET Framework with C# 3.0 syntax support is the redistributable package for the NET Framework 3.0 or higher This is available at http:// msdn.microsoft.com/en-us/netframework • For a rich ... islocated at %Windir%\Microsoft.NET\Framework\<version>, where <ver- sion> is the version of the NET Framework (v1.0.3705, v1.1.4322,v2.0.50727, v3.0, and so on) and %Windir% is the

Ngày tải lên: 12/08/2014, 16:22

... theconstructor call, as Listing 5.29 shows.Listing 5.29: Calling an Object Initializer new Employee("Inigo", "Montoya"), new Employee("Chuck", "McAtee") A D V A N C E D ... inListing 5.36 (using the Employee class from Listing 5.34).Listing 5.36: Accessing a Static Field Trang 27 }// } Output 5.9 shows the results of Listing 5.36 To set and retrieve the initial value ... Employee("Inigo", "Montoya"); Trang 16Constructors 231constructor will occur after any assignments are made when a field isdeclared (such as string Salary = "Not enough" in

Ngày tải lên: 12/08/2014, 16:21

... to dereference a null value—to call a member on an object whose value is null Instead of causing a NullReferenceException, programmers should check parameters for null before Catching Exceptions ... nonrecoverable, for example, and the best course of action is to shut down the application Such catch blocks should appear only to run cleanup or emergency code (such as saving any volatile data) before 395 ... string, for example, the exception could go unhandled To avoid this, C# includes a catch block that takes no parameters The term for such a catch block is general catch block, and Listing 10.3 includes

Ngày tải lên: 12/08/2014, 16:21

... "Wealth without work", "Pleasure without conscience", "Knowledge without character", "Commerce without morality", "Science without humanity", ... OnTemperatureChange(value) OnTempera-statement would throw a NullReferenceException To avoid this, it is sary to check for null before firing the event Listing 13.5 demonstrates how neces-to do this Listing 13.5: ... about the event You invoke the delegate exactly as before, except forthe additional parameters Listing 13.15 shows an example Listing 13.15: Firing the Event Notification public class Thermostat

Ngày tải lên: 12/08/2014, 16:21

... are added. list.Add("Sneezy"); list.Add("Happy"); Trang 21 "In alphabetical order {0} is the " + "first dwarf while {1} is the last.", “jump” operation to ... translates query expressions into methodcalls Consider, for example, the query expression from Listing 15.1, a por-tion of which appears in Listing 15.13 expres-Listing 15.13: Simple Query Expression ... Keywords foreach (var wordGroup in selection) { Console.WriteLine(Environment.NewLine + "{0}:", wordGroup.IsContextualKeyword ? "Contextual Keywords" : "Keywords");

Ngày tải lên: 12/08/2014, 16:21

... www.fernandoamaral.com.br ASP .NET 3. 5 As mudanças ASP .NET 2.0 e 3. 5 foram poucas, porém significativas Na verdade o core engine das duas versões continua o mesmo Para projetos em ASP .NET 3. 5 o ASP .NET AJAX Extensions ... nenhum compromisso ASP .NET 3. 5 em VB .NET e C# Introdução ao ASP .NET Visual Studio 2008: O ambiente e as linguagens 13 Web Forms 31 Controle 33 Master Page 44 ... Themes e Skins 53 Navigation 59 WebParts 71 10 LINQ 116 11 MemberShip e Roles 119 12 Manutenção de Estado 1 53 13 ASP .NET AJAX 167 14...

Ngày tải lên: 14/03/2014, 20:20

... -1,200.0 -1,200.0 Fuel -52 6 .5 -52 6 .5 -52 6 .5 -52 6 .5 -52 6 .5 -52 6 .5 -52 6 .5 -52 6 .5 Net Cash Flow - 35 ,000.0 5, 6 83. 5 5,6 83. 5 5,6 83. 5 5,6 83. 5 5,6 83. 5 5,6 83. 5 5,6 83. 5 20,6 83. 5 NPV (at 5. 83% ) = $10,064.9 11 ... (229) ( 252 ) (278) (30 6) (33 6) Depreciation Tax Shield Revenues Operating Costs 3, 696 31 0 50 ,489 55 , 53 8 61,092 67,202 73, 922 ( 35 , 431 ) (38 ,974) (42,872) (47, 159 ) (51 ,8 75) Other costs (5, 049) (5, 554 ) ... 1,7 25 1, 0 35 621 621 Revenues 8,800 19 ,36 0 37 , 934 41,727 45, 900 (5, 500) (10,890) Other costs (880) (1, 936 ) (3, 7 93) (4,1 73) (4 ,59 0) Tax (847) (2,287) (2, 632 ) (2,8 95) (3, 1 85) 3, 754 4, 650 5, 428 5, 909...

Ngày tải lên: 14/08/2014, 11:20

... return A B for both projects is -50 0 -400 10% 32 5 32 5 32 5 200 IRR 19. 43 % 22.17 % NPV 64. 05 60.74 Which project should you accept and why? 9 -37 NPV Profiles IRR for A = 19. 43% IRR for B = 22.17% ... Computing AAR for the Project • Assume we require an average accounting return of 25% • Average Net Income: – ( 13, 620 + 3, 300 + 29,100) / = 15 ,34 0 • AAR = 15 ,34 0 / 72,000 = 2 13 = 21 .3% • Do we accept ... adjust for the time value of money? – Does the decision rule adjust for risk? – Does the decision rule provide information on whether we are creating value for the firm? 9-4 Net Present Value...

Ngày tải lên: 23/03/2015, 15:50

... dòng tiền ròng 5, 000 90909 4 ,54 5. 45 2,000 826 45 1,6 25. 90 2,000 75 131 1 ,50 2.62 2,000 6 830 1 1 ,36 6.02 2,000 62092 1,241.84 2,000 56 447 1,128.94 10,000 5 131 5 5, 131 .58 Giá trị 16 ,56 9 . 35 công ty Giá ... biểu thị: Năm Lượng tiền (1) Hệ số PV (2) (1)*(2) -50 .000$ 25. 000$ 20.000$ 15. 000$ 0, 934 6 0,8 734 0,81 63 -50 .000$ 23. 3 65$ 17.468$ 12.244 ,5$ 3. 077 ,5$ PV = Lượng tiền x Hệ số PV Giá trị ròng Finance.com ... 1,06 - = 12 ,36 % -Nghĩa là, 100$ đầu tư năm mang lại 112 ,36 $ -Giá trị niên khoản 10 kỳ, kỳ trả 450 $, lãi suất 12 ,36 % / kỳ Đó là:   450 $  − = 2 .50 5 ,57 $ 10   0,1 236 0,1 236 × (1, 236 )  Giá trị...

Ngày tải lên: 09/03/2016, 23:54

... dòng tiền ròng 5, 000 90909 4 ,54 5. 45 2,000 826 45 1,6 25. 90 2,000 75 131 1 ,50 2.62 2,000 6 830 1 1 ,36 6.02 2,000 62092 1,241.84 2,000 56 447 1,128.94 10,000 5 131 5 5, 131 .58 Giá trị 16 ,56 9 . 35 công ty Giá ... biểu thị: Năm Lượng tiền (1) Hệ số PV (2) (1)*(2) -50 .000$ 25. 000$ 20.000$ 15. 000$ 0, 934 6 0,8 734 0,81 63 -50 .000$ 23. 3 65$ 17.468$ 12.244 ,5$ 3. 077 ,5$ PV = Lượng tiền x Hệ số PV Giá trị ròng Finance.com ... 1,06 - = 12 ,36 % -Nghĩa là, 100$ đầu tư năm mang lại 112 ,36 $ -Giá trị niên khoản 10 kỳ, kỳ trả 450 $, lãi suất 12 ,36 % / kỳ Đó là:   450 $  − = 2 .50 5 ,57 $ 10   0,1 236 0,1 236 × (1, 236 )  Giá trị...

Ngày tải lên: 09/04/2016, 10:31