問(wèn)題已解決
這道題的完整步驟,謝謝老師
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您好,計(jì)算過(guò)程如下
1.
債券資本成本=8%*(1-25%)/(1-4%)=6.25%
股票資本成本=1*(1+4%)/10*(1-3%)+4%=15.75%
綜合資本成本=(6.25%*500+15.75%*500)/1000=11%
2.
固定資產(chǎn)折舊額=1000/5=200
3.各年現(xiàn)金凈流量
NCF0=-1000
NCF1=0
NCF2=300+1000/5=500
NCF3=500
NCF4=500
NCF5=500
NCF6=500
4
凈現(xiàn)值=500*3.7908*0.9091-1000=723.11
現(xiàn)值指數(shù)=500*3.7908*0.9091/1000=1.72
5
凈現(xiàn)值大于0,方案可行
2022 06/16 14:50
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朱小慧老師 
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2022 06/16 15:02
抱歉,更正下第一問(wèn)答案,其余答案是不錯(cuò)的
債券資本成本=8%*(1-25%)/(1-4%)=6.25%
股票資本成本=1*(1+4%)/10*(1-3%)+4%=14.72%
綜合資本成本=(6.25%*500+14.72%*500)/1000=10.485%
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