Principles of Finance · 免费预览
项目之间的选择
互斥项目需要按价值一致性排序，获利指数用于解决资本配给问题，而寿命不等的项目则需要采用重置链法或等额年金调整，所有这些都是为了贯彻净现值标准。
1. Mutually exclusive choices and value
Mutually exclusive choices and value
2. Capital rationing and the profitability index
Capital rationing and the profitability index
3. Projects with unequal lives
Projects with unequal lives
4. The decision framework assembled
The decision framework assembled
5. Mutually exclusive ranking
Two mutually exclusive projects differ in scale, and the smaller one has the higher IRR while the larger has the higher NPV. Which should the firm accept?
6. The crossover rate
What does the crossover rate in an NPV profile comparison of two projects indicate?
7. The profitability index under rationing
Under single-period capital rationing with divisible projects, how should the firm rank its opportunities?
8. Rationing's deeper signal
Why does the lesson treat chronic capital rationing with suspicion?
9. The unequal lives problem
Why can't a five-year machine and a ten-year machine be compared by raw NPV?
10. The equivalent annual annuity
A project's NPV is 11,908 dollars over three years at a 10 percent cost of capital, with an annuity factor near 2.4869. Approximately what is its equivalent annual annuity?
11. The per-dollar index
What two-word term names the ratio of a project's present value of inflows to its initial cost, used to rank under rationing? Answer in lowercase.
12. The rate where profiles cross
What two-word term names the discount rate where two projects' NPV profiles intersect? Answer in lowercase.
13. The annualized comparison
What three-word term names the constant annual amount with the same present value as a project's NPV? Answer in lowercase.
14. The repeated-cycle approach
What two-word term names the method of comparing unequal-life projects over a common multiple horizon with repetitions? Answer in lowercase.