, ( ). , , . ( ) . , NPV, .
1
http://works.tarefer.ru/92/100096/index.html
. . .. . : - , 2003
() .
.
:
Ι = ∑t at / ∑Kt at
> 1, . < 1, . = 1, .
. ( ) - 115000$.
: 32000$;
: $41000;
: $43750;
: $38250.
- 9,2%
:
1 32000 / (1 + 0,092) = $29304,03
2 41000 / (1 + 0,092)2 = $34382,59
3 43750 / (1 + 0,092)3 = $33597,75
4 38250 / (1 + 0,092)4 = $26899,29
Ι = (29304,03 + 34382,59 + 33597,75 + 26899,29) / 115000 = 1,07985
: 1,079.
, .. , - . , .
5.2.5. ().
IRR (Internal Rate of Return) () r, NPV 0. , IRR
∑ = 0 t
.
IRR (IRR >= ), .
IRR , , , ,