1. , .. | 55996,5 | 60924,19 | 67504,00 | 68314,05 | 69133,82 |
2. (), .. | 27998,25 | 28838,20 | 29703,35 | 30594,45 | 31512,28 |
3. () 10% . , . . | 22398,6 | 22398,6 | 22398,6 | 22398,6 | 22398,6 |
4., . . (1-2-3) | 5599,65 | 9687,39 | 15402,05 | 15222,94 | |
5. , .. (20 % 4) | 1119,93 | 1937,48 | 3080,41 | 3064,2 | 3044,59 |
6. , .. (4-5) | 4479,72 | 7749,91 | 12321,64 | 12256,8 | 12178,35 |
7. , .. (3+6) | 26878,32 | 30148,51 | 34720,24 | 34655,4 | 34576,95 |
2.
) :
NPV=∑ Pn/(1+r)t -IC
r=13%
NPV= 26878,32/(1,13)1+30148,51/(1,13)2+34720,24/(1,13)3+
+34655,4/(1,13)4+34576,95/(1,13)5-52401,2 = 58936,23 ..
r=51%
NPV= -215,66 ..
:
NPV :
1) 2009 13%, .
2) , 51%, .
3) , NPV=0.
r=50,86%
4) NPV ( ) () .
) :
PI=∑ Pn/(1+r)t:IC
r=13%
PI= 111337,43/52401,2=2,12
r=51%
PI=52185/52401,2=0,99
, r=13% 2,12, . r=51% 0,99, , . r=50,86%, .. 1,00.
) ():
IRR=r1 + f(r1)/ f(r1)- f(r2) * r2 - r1,
IRR- ,
r1 - ,
r2 .
IRR= 13%+58936,23 ../58936,23 .. -(-215,66 .)*51%-13%=50,86%
: 13-51% (r΄)=50,86% - , 13% 2009 . 51%.
51%.
1. , .. | 55996,5 | 84554,72 | 127677,62 | 192793,2 | 291117,73 |
2. (), .. | 27998,25 | 28838,20 | 29703,35 | 30594,45 | 31512,28 |
3. () 10% . , . . | 22398,6 | 22398,6 | 22398,6 | 22398,6 | 22398,6 |
4., .. (1-2-3) | 5599,65 | 33317,92 | 75575,67 | 139800,15 | 237206,85 |
5. , .. (20 % 4) | 1119,93 | 6663,58 | 15115,13 | 27960,03 | 47441,37 |
6. , .. (4-5) | 4479,72 | 26654,34 | 60460,54 | 111840,12 | 189765,48 |
7. , .. (3+6) | 26878,32 | 49052,94 | 82859,14 | 134238,72 | 212164,08 |
) :
|
|
r=13%
NPV= 26878,32/(1,13)1+49052,94/(1,13)2+82859,14/(1,13)3+
+134238,72/(1,13)4+212164,08/(1,13)5-52401,2 = 264910,2 ..
r=99%
NPV= -633,19. .
:
NPV :
1) 2009 13%, .
2) , 99%, .
3) , NPV=0.
r=98,79%
4) NPV ( ) () .
) :
r=13%
PI= 317311,4/52401,2=6,06
r=99%
PI=51768,01/52401,2=0,99
:
, r=13% 6,06, . r=99% 0,99, , . r=98,79%, .. 1,00.
) ():
IRR= 13%+ 264910,2../264910,2 .. -(-633,19 .)*99%-13%=98,79%
: 51% 13-99% (r΄)=99% - , 13% 2009 . 99%.
3. .
:
111993.. 5 , r=98,79%. .
:
(R) - , , , .
R= PV* r΄/1-(1+r΄)-n
R=111993 ..*0,98/1-(1+0,98)-5=114318,95..
.. | .. | .. | .. | |
110637,88 | 114318,95 | 3681,07 | ||
108311,93 | 107001,35 | 114318,95 | 7317,6 | |
100994,33 | 99772,30 | 114318,95 | 14546,65 | |
86447,68 | 85401,66 | 114318,95 | 28917,29 | |
57530,39 | 56834,27 | 114318,95 | 57484,68 | |
57530,39 | 459647,46 | 571594,75 | 111947,29 |
|
|
: 1143189,5 ..
= 10,21
, :
= *(1+r/m)m*n = 111993* (1+0,98%/2)2*5=6200206,46;
62002,2 . .
:
, , . , , . , . , . . , , .