(Net Present Value, NPV) :
, (2.1)
: CFk k- (, );
IC ( );
r , .
(IC) , .
, :
NPV > 0, ;
NPV < 0, ;
NPV = 0, .
, , NPV :
, (2.2)
: k ;
j ;
ICd .
= * = 3134084 * 0,104=324900 .
(Kd)= (2028)/(1+12%)=0,116/(1+12)=0,104
= =3134084 - 0=3134084 .
= + =3118181+15903=3134084 .
= =3897726-779545=3118181 .
NPV= + . = 324900 + 2689464=3014364 .
NPV , ( ) .
(Profitability Index, PI).
NPV. :
. (2.3)
, . , : I > 1, ; PI < 1, ; I = 1, , .
.. I > 1, 1,33 .
(Discounted Payback Period, DPP).
" " (Payback Period, PP) . , WACC, (DPP) :
DPP = min n, . (2.4)
: " , ?". , , . , .
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16 7 .
() (), . :
, (2.5)
: - , t, . ( ); - t, . - , ; - ; - . , , .