[CFA入门] [求助]新手求教題目計算 received, Business, following

cibu08

請大大幫小弟一把 感謝 題目如下

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Business Finance

 

1.  Calculate the present value of $90,000 to be received 14 years from now it the decision makers’ opportunity cost is 10 percent.

 

2. Find the present value at 9 percent of each of the following five-year cash inflow streams. Assume that cash inflows occur at the end of the year.

 

Year                A                     B

1                $8000                   $10000

2                 9000                    10000

3                10000                    10000

4                11000                    10000

5                12000                    10000

 

3. If an individual wishes to accumulate $15,000 in six years by making equal annual end-of-year deposits into an accounting paying 7 percent internet, how large should the deposits be?

 

4.A lender wishes to determine the size of the equal annual end-of- yeat payments necessary to fully amortize a $4000 loan at 11 percent interest over three years. How large should the payments be?

 

5.Find the compound annual growth rate associated with the following cash flows

 Year              Cash Flow

1995                295

1994                  275

1993                  260

1992                  227

1991                  209

1990                200

 

6. As a financial institution savings manager, you want to show your customers what IRA (Individual Retirement Account) could earn by age65, with equal $2000 at the end of each year deposit at 8% and 12% interest rate, present your calculations and then complete the table below with your results

 

Use Financial Table

 

Age       Total Deposited             Dollars Accumulated at

Started         by age 65              8%              12%

 

1. Dorman Automobiles, Inc. is attempting to evaluate the desirability of two prospective projects. The initial investment required along with the incremental profits expected in each case are presented below:

 

Initial investment   Project A               Project B

                 $500,000                 $850,000

Year                        Profits after taxes

1                 130,000                  170,000

2                 120,000                  170,000

3                 100,000                  170,000

4                  80,000                  170,000

5                  50,000                  170,000

 

(a)    If the amount of the initial investment for both project A and project B equals their depreciable values, calculate the cash inflows associated with each alternative if the firm uses straight-line depreciation. (no salvage value)

                        

 

II. Stanley company is contemplating an investment in either of the following two projects

                         Project A             Project B

Initial Investment           25,000                25,000

Year                         Cash Inflows

1                         7,000                12,000

2                         7,000                 9,000

3                         7,000                 6,000

4                         7,000                 3,000

5                         7,000                 3,000

 

Assuming the firm’s cost of capital is 7 percent for each project,

(a)    Calculate the payback period and comment on (1) the acceptance criterion, (2) the pros and cons of the technique

(b)   Find the new present value (NPV)

(c)    Calculate benefit- cost ratio (B/C)

(d)   Find the internal rate of return (IRR) rounded to the nearest 1 percent

 

(e)    Using the results of part (b), (c), and (d) above, comment on the projects with respect to their (1) acceptability and (2) ranking

 

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