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Bi tp v ROI, NPV v thi gian hon vn

Verdugo Corp. ang cn nhc cc xut u t vn di hn. Cc thng tin c lin quan ca
tng d n nh sau:
D n Nu:
Vn u t: 190,000$
Thu nhp rng thng nin: Nm 1: 25,000$; Nm 2: 16,000$; Nm 3: 13,000$; Nm 4:
10,000$; Nm 5: 8,000$
D n :
Vn u t: 220,000$
Thu nhp rng thng nin: Nm 1: 20,000$; Nm 2: 20,000$; Nm 3: 20,000$; Nm 4:
20,000$; Nm 5: 20,000$
D n Vng:
Vn u t: 250,000$
Thu nhp rng thng nin: Nm 1: 26,000$; Nm 2: 24,000$; Nm 3: 23,000$; Nm 4:
17,000$; Nm 5: 20,000$
Gi tr thanh l bng 0 cui mi d n. Khu hao c tnh theo phng php ng thng.
Cng ty yu cu t l hon vn l chi ph vn ca cng ty l 12%.
Yu cu:
a. Tnh t l hon vn hng nm ca tng d n.
b. Tnh thi hn hon tin mt ca tng d n.
c. Tnh hin gi thun ca tng d n.
d. Xp hng d n theo cc tiu ch trn. D n no anh/ch xut?
Bi gii ca mnh nh sau, mong cc bn tham kho v cho nhn xt:
D n Nu:
Nm 1: ROI = (25,000/190,000) x 100% = 13.2%;
Thi hn hon tin mt: 190,000/25,000 = 7 nm 7 thng 6 ngy
Nm 2: ROI = (16,000/190,000) x 100% = 8.4%
Thi hn hon tin mt: 190,000/16,000 = 11 nm 10 thng 15 ngy
Nm 3: ROI = (13,000/190,000) x 100% = 6.8%
Thi hn hon tin mt: 190,000/13,000 = 14 nm 7 thng 12 ngy
Nm 4: ROI = (10,000/190,000) x 100% = 5.3%
Thi hn hon tin mt: 190,000/10,000 = 19 nm
Nm 5: ROI = (8,000/190,000) x 100% = 4.2%
Thi hn hon tin mt: 190,000/8,000 = 23 nm 9 thng
Hin gi thun NPV= - 190,000 + 25,000/(1+0.12)^1+ 16,000/(1+0.12)^2+ 13,000/
(1+0.12)^3+ 10,000/(1+0.12)^4+ 8,000/(1+0.12)^5 = - 134,775.7 < 0

D n :
Nm 1,2,3,4,5: ROI = (20,000/220,000) x 100% = 9.1%
Thi hn hon tin mt: 220,000/20,000 = 11 nm
Hin gi thun NPV= - 220,000 + 20,000/(1+0.12)^1+ 20,000/(1+0.12)^2+ 20,000/
(1+0.12)^3+ 20,000/(1+0.12)^4+ 20,000/(1+0.12)^5 = - 147,904.5 < 0
D n Vng:
Nm 1: ROI = (26,000/250,000) x 100% = 10.4%
Thi hn hon tin mt: 250,000/26,000 = 9 nm 7 thng 12 ngy
Nm 2: ROI = (24,000/250,000) x 100% = 9.6%
Thi hn hon tin mt: 250,000/24,000 = 10 nm 5 thng
Nm 3: ROI = (23,000/250,000) x 100% = 9.2%
Thi hn hon tin mt: 250,000/23,000 = 10 nm 10 thng 14 ngy
Nm 4: ROI = (17,000/250,000) x 100% = 6.8%
Thi hn hon tin mt: 250,000/17,000 = 14 nm 8 thng 15 ngy
Nm 5: ROI = (20,000/250,000) x 100% = 8.0%
Thi hn hon tin mt: 250,000/20,000 = 12 nm 6 thng
Hin gi thun NPV= - 250,000 + 26,000/(1+0.12)^1+ 24,000/(1+0.12)^2+ 23,000/
(1+0.12)^3+ 17,000/(1+0.12)^4+ 20,000/(1+0.12)^5 = - 169,129.8 < 0