金融學(xué)課件：第6章 投資項目分析

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1、1學(xué)習(xí)目的學(xué)習(xí)目的解釋資本預(yù)算 給出資本預(yù)算基本法則23456789100( )(1)ntttCFNPV kk1112NPV of a ProjectDiscout10%YearFlowPVCum_PV0-1000-1000-10001450409-5912350289-3023250188-1144150102-115503120NPV20 Do Project DCF Payback13NPV of a ProjectDiscout15%YearFlowPVCum_PV0-1000-1000-10001450391-6092350265-3443250164-180415086-94550

2、25-69NPV-69 Dont Do Project14NPV of a ProjectDiscout11.04%YearFlowPVCum_PV0-1000-1000-10001450405-5952350284-3113250183-128415099-30550300NPV0 Indifferent Internal Rate of Return15NPV as a Function of Discount Rate-200-150-100-500501001502002500%5%10%15%20%Discount RateNPV1617181920212223242526Sales

3、 UnitsNet CF OperationsNPV Project200020000050050223000550000188470836041003009040001300000123560750002050000435592260002800000747623727NPV Project$6,000,000$4,000,000$2,000,000$0$2,000,000$4,000,000$6,000,000$8,000,000$10,000,000200025003000350040004500500055006000Sales (Units)NPV282930313233343536