, . | |||
70 ( 1 ) | 26% | ||
1000 ( 1 ) | 74% | ||
, 26% . , , 26% . , 1000 ., 200 . : : (70 000 + (3000+2000+1000+4000+10000)*26%)/1000 = 75 . : (200 000 + (3000+2000+1000+4000+10000)*74%)/200 = 1074 . , , , - . |
__________________________
(, ) |
_______________________________________
().
:
.
:
, .
( ) , , - . ( , ).
:
, . | 1 | 2 | 3 | ||
250 000,00 | 325 000,00 | 357 500,00 | |||
() | 210 750,00 | 262 703,00 | 260 292,00 | ||
0,00 | 0,00 | 0,00 | |||
3750,00 | 5625,00 | 5625,00 | |||
() (1-2+3-4) | 35 500,00 | 56 672,00 | 91583,00 | ||
5 600,00 | 5 600,00 | 5 600,00 | |||
() (5-6) | 29 900,00 | 51 072,00 | 85 983,00 | ||
() (7+8) | 29 900,00 | 80 972,00 | 166 955,00 | ||
____________________________________________________
:
● . . ● . . . ● , . . ● () , . . , . ● , , , ( ). ● , , , , . |
:
|
|
-. | |||||
, . | 1 | 2 | 3 | ||
_____ | _____ | _____ | _____ | ||
() ** | _____ | _____ | _____ | _____ | |
* | _____ | _____ | _____ | _____ | |
* | _____ | _____ | _____ | _____ | |
() (1-2+3-4) | _____ | _____ | _____ | _____ | |
_____ | _____ | _____ | _____ | ||
() (5-6) | _____ | _____ | _____ | _____ | |
() (7+8) | _____ | _____ | _____ | _____ | |
* (, ..) ** , ( ) (, ..) | |||||
_______________________________________
-.
:
() ;
-.
- : , , , .. , , .
:
- | |
, . | , . |
: | _______________________________ |
_______________________________ | |
(), . | _______________________________ |
, . - - - - | _______________________________ _______________________________ _______________________________ |
_______________________________________
:
-. | |||
/ | |||
1. | |||
1.1. | __________________________________ | __________________________________ | |
1.2. | __________________________________ | __________________________________ | |
... | __________________________________ | __________________________________ | |
2. | __________________________________ | ||
2.1. | __________________________________ | __________________________________ | |
2.2. | __________________________________ | __________________________________ | |
.... | __________________________________ | __________________________________ | |
3. | __________________________________ | ||
3.1. | __________________________________ | __________________________________ | |
3.2. | __________________________________ | __________________________________ | |
.... | __________________________________ | __________________________________ | |
: |
__________________________
|
|
_____________
().
:
;
:
, .
. . , . .
.
1 | 2 | 3 | 4 | . | ||
I. () | ||||||
( ) | 250 000,00 | 325 000,00 | 357 500,00 | 393 250,00 | .. | |
1. | 250 000,00 | 325 000,00 | 357 500,00 | 393 250,00 | .. | |
( ) | 210 750,00 | 262 703,00 | 260 292,00 | 265 947,00 | .. | |
3750,00 | 5625,00 | 5625,00 | 5625,00 | .. | ||
5 600,00 | 5 600,00 | 5 600,00 | 5 600,00 | .. | ||
2. | 220 100,00 | 273 928,00 | 271 517,00 | 277 172,00 | .. | |
3. | (1-2) | 29 900,00 | 51 072,00 | 85 983,00 | 116 078,00 | .. |
II. | ||||||
500 000,00 | 0,00 | 0,00 | 0,00 | .. | ||
5. | 500 000,00 | 0,00 | 0,00 | 0,00 | .. | |
0,00 | 0,00 | 0,00 | 0,00 | .. | ||
6. | 0,00 | 0,00 | 0,00 | 0,00 | .. | |
7. | (6-5) | -500 000,00 | 0,00 | 0,00 | 0,00 | .. |
III. | ||||||
500 000,00 | 0,00 | 0,00 | 0,00 | .. | ||
8.. | 500 000,00 | 0,00 | 0,00 | 0,00 | .. | |
14 000,00 | 14 000,00 | 14 000,00 | 14 000,00 | .. | ||
9. | 14 000,00 | 14 000,00 | 14 000,00 | 14 000,00 | .. | |
10. | (8-9) | 486 000,00 | -14 000,00 | -14 000,00 | -14 000,00 | .. |
11. | (3+7+10) | 15 900,00 | 37 072,00 | 71 983,00 | 102 078,00 | .. |
12. | (11+12) | 15 900,00 | 52 972,00 | 124 955,00 | 227 033,00 | .. |
:
● ( ). . ● . . ● . ● , . . ● () , . , . ● , , , , , , , , . ● . |
:
|
|
-. | ||||||
1 | 2 | 3 | 4 | . | ||
I. () | ||||||
( ) | _______ | ________ | _________ | _________ | _____ | |
1. | _______ | ________ | _________ | _________ | _____ | |
_______ | ________ | _________ | _________ | _____ | ||
_______ | ________ | _________ | _________ | _____ | ||
_______ | ________ | _________ | _________ | _____ | ||
2. | _______ | ________ | _________ | _________ | _____ | |
3. | (1-2) | _______ | ________ | _________ | _________ | _____ |
II. | ||||||
_______ | ________ | _________ | _________ | _____ | ||
5. | _______ | ________ | _________ | _________ | _____ | |
_______ | ________ | _________ | _________ | _____ | ||
6. | _______ | ________ | _________ | _________ | _____ | |
7. | (6-5) | _______ | ________ | _________ | _________ | _____ |
III. | ||||||
_______ | ________ | _________ | _________ | _____ | ||
_______ | ________ | _________ | _________ | _____ | ||
8.. | _______ | ________ | _________ | _________ | _____ | |
_______ | ________ | _________ | _________ | _____ | ||
_______ | ________ | _________ | _________ | _____ | ||
9. | _______ | ________ | _________ | _________ | _____ | |
10. | (8-9) | _______ | ________ | _________ | _________ | _____ |
11. | (3+7+10) | _______ | ________ | _________ | _________ | _____ |
12. | (11+12) | _______ | ________ | _________ | _________ | _____ |
-.
:
-;
NPV, IRR
. .
NPV ( )
() , . , , , () r. NPV (1 , 2 , 3 ), ( ). NPV> 0 , NPV<0 - , NPV=0 - .
:
(NPV) | |||||||||||
1 | 2 | 3 | |||||||||
1. | ____________ | ___________ | _________ | ______ | |||||||
2. | - | ____________ | ___________ | _________ | _____ | ||||||
3. | ____________ | ___________ | _________ | ______ | |||||||
4. | () | ____________ | ___________ | _________ | ______ | ||||||
5. | () | ____________ | ___________ | _________ | ______ | ||||||
6. | ( ) | ____________ | ___________ | _________ | ______ | ||||||
7. | (1-2-3-4+5-6) | ____________ | ___________ | _________ | ______ | ||||||
8. | ____________ | ___________ | _________ | ______ | |||||||
9. | (7*8) | ____________ | ___________ | _________ | ______ | ||||||
10. | (NPV)(9+10) | ____________ | ___________ | _________ | _______ | ||||||
= 1 / (1+r)ⁿ; | : n- r ; | ||||||||||
% . | |||||||||||
: 20 % (8,25% , 11,75% - ). 3 . | |||||||||||
20% | 1 | 2 | 3 | ||||||||
1/ (1+0,2)¹ | 1 (1+0,2)² | 1/ (1+0,2)³ | |||||||||
0,833 | 0,694 | 0,579 | |||||||||
____________________________________________________
|
|
______________ | ________________ | _____________________ | |
_______________ | _________________ | ______________________ |
_______________________________________
IRR ( )
, , NPV .