1、1.1560 2.22-1424000-191.-1 2 3 2.12 3 3.1-23-4;5 4.-1 2 3-201112311001004025,60103020-6.65%x x=200 000 x 6.65%x 2=26600 =+=200 000+26600=226600 6016.65%2%30%k=i*(1-t)/(1-f)=6.65%*(1-30%)/(1-2%)=5.05%100 1 10060401020,1(60)-32010515001500*12*10=180000 20002000*12*5=120000 10001000*12*5=60000 120000+6
2、000+180000=360000 13300002-306010%5000040000 60301=50 000-40 0005-3=20 0002 =30=(200 000/360)30(3/5)10%=1 000 60=(250 000/360)60(3/5)10%=2 500 =2 500-1 000=1 500 3 =4 000-3 000=1 000 =9 000-4 000=5 000 4-=20 000-1 500+1 000+5 000=12 500 60 11100210%44%55%660%40%710%25%86.65%912%5 6 22.12.02=2+11.76/
3、502.54=2.022.41=-1+/=2+147.6/357.7=2.4133.1npv?tncf(1?k)?tnpvncftk12%npv>0npv0 npv=5.09>077.15007.27.3 2004/,7.4 7.5-ipoipo-2010 xxxx xxxx technology co.,ltd xxxxa e b c d f g h .3.3 .3 .4 .4 4.1.4 4.1.1 .4 4.1.2 .4 4.2.5 4.2.1 .5 4.2.2 .5 4.3.6 4.3.1 .6 4.3.2 .6 .6 5.1.6 5.2.7 5.3.7 5.3.1.7 5
4、.3.2.7 .8 .8 .81000111000600250,30030%100700100600100200,(130)-23411010 210%31030 44%55%6760%40%816.5%910%20%107.29%1112%4.14.1.1 55.24.2.1 6?-?1.2208840%1100-500250%-70%230%4 6.-(-12 3?1?2?3-?4?5?6?(7)(1)2 a?200412%12%?npv=1457?npv b?irr=100%?100%12%?50%-100%?pi=npv/c?pi=6.62?1=35enpv0 irr12%pi1 57.-npv 61bep=n*=cf/p-cn pp=0.2cfcnn*10 7?-10%10%115%2310417%?-