1. Evaluation of Four Independent Projects (20') The cash flow profiles of four independent projects are shown in the following table. Using a MARR of 18%, determine the acceptability of each of the projects on the basis of the net present value criterion for accepting independent projects. Cash Flow Profiles of Four Independent Projects (in $ million) t A В C D to -60. 0 -75. 0 -50 30.0 1 20. 0 25.0 20.0 20. 0 25.0 -60. 0 3 20. 0 25. 0 -80. 0 4 20. 0 25. 0 40. 0 200. O 20. 0 -50. 0 60.0
1. Evaluation of Four Independent Projects (20') The cash flow profiles of four independent projects are shown in the following table. Using a MARR of 18%, determine the acceptability of each of the projects on the basis of the net present value criterion for accepting independent projects. Cash Flow Profiles of Four Independent Projects (in $ million) t A В C D to -60. 0 -75. 0 -50 30.0 1 20. 0 25.0 20.0 20. 0 25.0 -60. 0 3 20. 0 25. 0 -80. 0 4 20. 0 25. 0 40. 0 200. O 20. 0 -50. 0 60.0
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:1. Evaluation of Four Independent Projects (20')
The cash flow profiles of four independent projects are shown in the
following table. Using a MARR of 18%, determine the acceptability
of each of the projects on the basis of the net present value criterion
for accepting independent projects.
Cash Flow Profiles of Four Independent Projects (in $ million)
t
A
B
C
D
to
-60. 0
-75. 0
-50
30.0
1
20. 0
25. 0
20. 0
2
20. 0
25. 0
-60. 0
20. 0
25. 0
-80. 0
4
20. 0
25. 0
40. 0
200. 0
20. 0
-50. 0
60.0
Transcribed Image Text:第5页(共
(i=18%)
(F/A, i, n)
1. 0000
2. 1800
KA/F, i, n)(A/P, i, n)XP/A. i, n)
1. 1800
0. 6387
0. 4599
0. 3717
0. 3198
0. 2859
0. 2624
0. 2452
0. 2324
0. 2225
0.2148
0. 2086
0. 2037
0. 1997
0. 1964
0. 1937
0. 1915
0. 1896
0. 1881
0. 1868
0. 1857
0. 1848
0. 1841
0. 1835
0. 1829
0. 1825
0. 1821
0. 1818
0. 1815
0. 1813
0. 1811
0. 1809
0. 1808
0. 1806
(F/P, i, n)
1. 1800
1. 3924
1. 6430
1. 9388
2. 2878
2. 6996
КР/F, i, n)
0. 8475
0. 7182
0. 6086
0. 5158
0. 4371
0. 3704
0. 3139
0. 2660
Year
1. 0000
0. 4587
0. 2799
0. 1917
0. 1398
0. 1059
0, 0824
0. 8475
1. 5656
2. 1743
2. 6901
1
2
3
3. 5724
5. 2154
5
7. 1542
3. 1272
9. 4420
3. 4976
3. 8115
4. 0776
6.
3. 1855
3. 7589
7
12. 1415
0. 0652
0. 0524
0. 0425
0. 0348
0. 0286
0. 0237
0. 0197
0. 0164
0. 0137
0. 0115
0. 0096
0.0081
0. 0068
0. 0057
0. 0048
0. 0041
0. 0035
0. 0029
0. 0025
0. 0021
0.0018
8.
15. 3270
0. 2255
0. 1911
0. 1619
0. 1372
0. 1163
0. 0985
0. 0835
0. 0708
0. 0600
0. 0508
0. 0431
0. 0365
0. 0309
0. 0262
0. 0222
0. 0188
0. 0160
0. 0135
0. 0115
0. 0097
9
4. 4355
19. 0859
4. 3030
10
5. 2338
23. 5213
4. 4941
11
6. 1759
28. 7551
4. 6560
34. 9311
4. 7932
4. 9095
5. 0081
12
7. 2876
13
8. 5994
42. 2187
14
10. 1472
50. 8180
15
11. 9737
60. 9653
5. 0916
16
14. 1290
72. 9390
5. 1624
87. 0680
103. 7403
17
16. 6722
5. 2223
18
19. 6733
5. 2732
19
23. 2144
123. 4135
5. 3162
20
27. 3930
146. 6280
5. 3527
32. 3238
38. 1421
21
174. 0210
5. 3837
22
206. 3448
5. 4099
23
45. 0076
244. 4868
5. 4321
24
53. 1090
289. 4945
5. 4509
342. 6035
405. 2721
25
62. 6686
5. 4669
26
73. 9490
5. 4804
479. 2211
566. 4809
27
87. 2598
5. 4919
28
102. 9666
5. 5016
0.0015
0. 0013
0. 0011
0, 0009
0. 0008
0. 0006
0. 0006
0. 0005
0. 0004
0.0003
0. 0003
0. 0002
0. 0002
0. 0002
0. 0001
0.0001
0. 0001
29
121. 5005
0.0082
669. 4475
5. 5098
0. 0070
5. 5168
5. 5227
5. 5277
30
143. 3706
790. 9480
169. 1774
199. 6293
31
0.0059
934. 3186
0.0050
0. 0042
1, 103. 4960
1, 303. 1253
1, 538. 6878
32
33
235. 5625
5. 5320
34
277. 9638
0. 0036
5. 5356
327. 9973
387. 0368
456. 7034
1, 816. 6516
2, 144. 6489
2, 531. 6857
0. 1806
0. 1805
0. 1804
0. 1803
0. 1803
0. 1802
0. 1802
0. 1802
0. 1801
0. 1801
0. 1801
0. 1801
0. 1801
0. 1801
0. 1801
0. 1800
35
0.0030
5. 5386
0. 0026
0. 0022
0. 0019
0. 0016
5. 5412
5. 5434
36
37
38
538. 9100
2, 988. 3891
5. 5452
5. 5468
5. 5482
39
635. 9139
0. 0013
0. 0011
0. 0010
0. 0008
0. 0007
0. 0006
0. 0005
0. 0004
3, 527. 2992
4, 163. 2130
4, 913. 5914
5, 799. 0378
6, 843. 8646
8, 076. 7603
9, 531. 5771
40
750. 3783
885. 4464
1, 044. 8268
1, 232. 8956
1, 454. 8168
1, 716. 6839
41
5. 5493
5. 5502
5. 5510
42
43
44
5. 5517
45
5. 5523
46
2, 025. 6870
2, 390. 3106
2, 820. 5665
3, 328. 2685
3, 927. 3569
11, 248. 2610
13, 273. 9480
15, 664. 2586
18, 484. 8251
21, 813. 0937
0.0001
5. 5528
0. 0001
0. 0001
0. 0001
0.0000
47
5. 5532
48
0.0004
5. 5536
0. 0003
5. 5539
5. 5541
49
50
0. 0003
第6页(共6页)
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