Celine asked in 商業與財經投資 · 1 decade ago

有關finace問題

A firm with a WACC of 12% is considering the following mutually exclusive projects.

YearProject 1Project 2

0 (700) (800)

150300

2100300

3200200

4200200

5300100

630050

aWhat in the pay back period?

bWhat is the discounted payback period?

cWhat is the NPV?

dWhat is the IRR?

e.What is the MIRR?

f.Which project should be accepted? Why can only one project be accepted?

Which method a-e did you base your decision on? Why?

Update:

需要祥細的計算過程

Update 2:

需要祥細的計算過程

4 Answers

Rating
  • 1 decade ago
    Favorite Answer

    a. p1-year5(50+100+200+200+300=850), p2-year3(300+300+200=800)b. p1-year6(44.64+79.72+142.36+127.1+170.23+151.99=716.04)   p2-year5(267.86+239.16+142.36+127.1+56.74=833.22)c. p1-716.04   p2-858.55d. p1-13%   p2-15%e. this question doesn't tell the reinvestment rate....can't   calculate MIRRf. Which project should be accepted? An:P2   Why can only one project be accepted?    An: Because this is a   mutual exclusive project, the firm can only choose one project of two which is worth to invest. The reason might be the firm only has a constant fund or constant resources to invest only one project. Which method a-d did you base your decision on? Why?,  An: Any method out of a-d all pointed that P2 is worth to invest, P2 has earlier payback period and discounted payback period, higher NPV and higher IRR.                                  P1              P2a.pay back period                 Y5              Y3               b.discounted payback period       Y6              Y5c.NPV                            716.04         858.55d.IRR                             13%             15%

    2006-05-05 11:38:30 補充:

    right....

    Source(s): 我是griffith 的臥龍, QUT or UQ 的傢伙不要再猖狂了!!!!!
  • 10 years ago

    In some definitions of MIRR, they assume that reinvestment is the cost of capital (wacc in this case).

  • 1 decade ago

    =_=|| 大家都是住澳洲的嗎?

  • project 1 project 2

    a. 4.5yrs 3yrs

    b. 5.11yrs 4.41yrs

    c. 16.04 58.55

    d. 12.63% 15.29%

    e. 12.42% 13.33%

    f.projuct B. You can only choose one becasue of mutually exclusive projects. NPV is better for choosing among competing projects because it provides a better indicator of how much each project will increase the value of the firm.

Still have questions? Get your answers by asking now.