Principles of Managerial Accounting · 免费预览
贴现现金流模型、净现值与内部收益率
净现值将贴现后的现金流求和并扣除投资额，若结果为正则接受该项目；内部收益率则求出使同一组现金流净现值为零的贴现率，若该收益率高于资本成本，则接受项目。
1. Net present value
Net present value
2. Internal rate of return
Internal rate of return
3. When the two disagree
When the two disagree
4. Choosing the discount rate
Choosing the discount rate
5. NPV computation
Discounted inflows are 113,724 dollars and the investment is 100,000 dollars. Compute net present value.
6. NPV decision rule
What does a positive NPV indicate? Use the figures from the worked example in this lesson and state the result in the requested units.
7. IRR definition
What is the internal rate of return? Use the figures from the worked example in this lesson and state the result in the requested units.
8. Conflict resolution
NPV and IRR rank two mutually exclusive projects differently. Which method should decide?
9. Reinvestment assumption difference
NPV assumes reinvestment at the cost of capital, while IRR assumes reinvestment at the ____. One word.
10. Discount rate ownership
The ____ function typically owns the cost of capital used as the discount rate. One word.