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标题: CFA Method of VC Payoff [打印本页]

作者: mnieman    时间: 2013-4-1 12:32     标题: CFA Method of VC Payoff

In the text (CFIA book 6) there are TWO ways to calculate the NPV of a VC project. For both instances, the questions (Question 10 and 28 in the AI reading) ask for the same answer…”calulate the NPV of the project”
why the F does CFAI give us two ways for solving the NPV! I thought that was a real sh*tty thing for the text to do.
I actually might write CFAI about this because the two different methods, while both “correct” according to the text, give TWO DIFFERENT NPVs!
作者: wilslm    时间: 2013-4-1 12:32

(1  Year 1 Percentage of Failure) * (1  Year 2 Percentage of Failure) * (1  Year x Percentage of Failure)/RRoR^x years  Initial Cost of Project.
Both methods come out the same.
作者: Andreas42    时间: 2013-4-1 12:32

No they do not.




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