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Bảo Hân Mô hình
Bảo Hân Mô hình
Bảo Hân Mô hình
5 points)
Consider a 6-year project with the following information: initial fixed asset investment = $460,000; straight-line depreciation t
costs = $19; fixed costs = $188,600; quantity sold = 90,528 units; tax rate = 32 percent; 14% return on this project. What is NPV
project, varying the required returns from 8%, 10%, 12%, 14%, 16% and varying quantity sold from 76,949; 81,475; 86,000; 90
INPUT OUTPUT
intial cost 460000 Cash Flow Forecasts 1 2
year 6 Sales Revenue $3,077,952 $3,077,952
price 34 Variable Costs $1,720,032 $1,720,032
variable cost 19 Gross Margin $1,357,920 $1,357,920
fixed cost 188600
tax rate 32% Cash Fixed Costs $188,600 $188,600
rate 14% Depreciation $76,667 $76,667
quantily sold 90,528 Total Fixed Costs $265,267 $265,267
DATA TABLE
$2,727,428 76,949 81,475 86,000
8%
10%
12%
14%
0,000; straight-line depreciation to zero over the 6-year life; zero salvage value; price = $34; variable
eturn on this project. What is NPV? Use Data Table to do a sensitivity analysis on the NPV of the
from 76,949; 81,475; 86,000; 90,528; 95,055; 99,581; 108,634 units.
3 4 5 6
$3,077,952 $3,077,952 $3,077,952 $3,077,952
$1,720,032 $1,720,032 $1,720,032 $1,720,032
$1,357,920 $1,357,920 $1,357,920 $1,357,920
$0 $0 $0 $0
payment 500000
rate 4.50% 0.375%
year 10 120
IPMT
Period Beginning Balance Total Payment Interest Payment Principal Payment
1 500000 $5,181.92 $1,875.00 $3,306.92
2 $496,693.08 $5,181.92 $1,862.60 $3,319.32
3 $493,373.76 $5,181.92 $1,850.15 $3,331.77
4 $490,041.99 $5,181.92 $1,837.66 $3,344.26
5 $486,697.73 $5,181.92 $1,825.12 $3,356.80
6 $483,340.92 $5,181.92 $1,812.53 $3,369.39
7 $479,971.53 $5,181.92 $1,799.89 $3,382.03
8 $476,589.50 $5,181.92 $1,787.21 $3,394.71
9 $473,194.79 $5,181.92 $1,774.48 $3,407.44
10 $469,787.35 $5,181.92 $1,761.70 $3,420.22
11 $466,367.14 $5,181.92 $1,748.88 $3,433.04
12 $462,934.09 $5,181.92 $1,736.00 $3,445.92
13 $459,488.17 $5,181.92 $1,723.08 $3,458.84
14 $456,029.33 $5,181.92 $1,710.11 $3,471.81
15 $452,557.52 $5,181.92 $1,697.09 $3,484.83
16 $449,072.69 $5,181.92 $1,684.02 $3,497.90
17 $445,574.80 $5,181.92 $1,670.91 $3,511.01
18 $442,063.78 $5,181.92 $1,657.74 $3,524.18
19 $438,539.60 $5,181.92 $1,644.52 $3,537.40
20 $435,002.20 $5,181.92 $1,631.26 $3,550.66
21 $431,451.54 $5,181.92 $1,617.94 $3,563.98
22 $427,887.56 $5,181.92 $1,604.58 $3,577.34
23 $424,310.22 $5,181.92 $1,591.16 $3,590.76
24 $420,719.46 $5,181.92 $1,577.70 $3,604.22
25 $417,115.24 $5,181.92 $1,564.18 $3,617.74
26 $413,497.50 $5,181.92 $1,550.62 $3,631.30
27 $409,866.20 $5,181.92 $1,537.00 $3,644.92
28 $406,221.28 $5,181.92 $1,523.33 $3,658.59
29 $402,562.69 $5,181.92 $1,509.61 $3,672.31
30 $398,890.38 $5,181.92 $1,495.84 $3,686.08
31 $395,204.29 $5,181.92 $1,482.02 $3,699.90
32 $391,504.39 $5,181.92 $1,468.14 $3,713.78
33 $387,790.61 $5,181.92 $1,454.21 $3,727.71
34 $384,062.91 $5,181.92 $1,440.24 $3,741.68
35 $380,321.22 $5,181.92 $1,426.20 $3,755.72
36 $376,565.51 $5,181.92 $1,412.12 $3,769.80
37 $372,795.71 $5,181.92 $1,397.98 $3,783.94
38 $369,011.77 $5,181.92 $1,383.79 $3,798.13
39 $365,213.64 $5,181.92 $1,369.55 $3,812.37
40 $361,401.27 $5,181.92 $1,355.25 $3,826.67
41 $357,574.61 $5,181.92 $1,340.90 $3,841.02
42 $353,733.59 $5,181.92 $1,326.50 $3,855.42
43 $349,878.17 $5,181.92 $1,312.04 $3,869.88
44 $346,008.30 $5,181.92 $1,297.53 $3,884.39
45 $342,123.91 $5,181.92 $1,282.96 $3,898.96
46 $338,224.95 $5,181.92 $1,268.34 $3,913.58
47 $334,311.37 $5,181.92 $1,253.67 $3,928.25
48 $330,383.12 $5,181.92 $1,238.94 $3,942.98
49 $326,440.14 $5,181.92 $1,224.15 $3,957.77
50 $322,482.37 $5,181.92 $1,209.31 $3,972.61
51 $318,509.76 $5,181.92 $1,194.41 $3,987.51
52 $314,522.25 $5,181.92 $1,179.46 $4,002.46
53 $310,519.78 $5,181.92 $1,164.45 $4,017.47
54 $306,502.31 $5,181.92 $1,149.38 $4,032.54
55 $302,469.78 $5,181.92 $1,134.26 $4,047.66
56 $298,422.12 $5,181.92 $1,119.08 $4,062.84
57 $294,359.28 $5,181.92 $1,103.85 $4,078.07
58 $290,281.21 $5,181.92 $1,088.55 $4,093.37
59 $286,187.84 $5,181.92 $1,073.20 $4,108.72
60 $282,079.13 $5,181.92 $1,057.80 $4,124.12
61 $277,955.00 $5,181.92 $1,042.33 $4,139.59
62 $273,815.41 $5,181.92 $1,026.81 $4,155.11
63 $269,660.30 $5,181.92 $1,011.23 $4,170.69
64 $265,489.61 $5,181.92 $995.59 $4,186.33
65 $261,303.27 $5,181.92 $979.89 $4,202.03
66 $257,101.24 $5,181.92 $964.13 $4,217.79
67 $252,883.45 $5,181.92 $948.31 $4,233.61
68 $248,649.84 $5,181.92 $932.44 $4,249.48
69 $244,400.36 $5,181.92 $916.50 $4,265.42
70 $240,134.94 $5,181.92 $900.51 $4,281.41
71 $235,853.52 $5,181.92 $884.45 $4,297.47
72 $231,556.05 $5,181.92 $868.34 $4,313.59
73 $227,242.47 $5,181.92 $852.16 $4,329.76
74 $222,912.71 $5,181.92 $835.92 $4,346.00
75 $218,566.71 $5,181.92 $819.63 $4,362.30
76 $214,204.41 $5,181.92 $803.27 $4,378.65
77 $209,825.76 $5,181.92 $786.85 $4,395.07
78 $205,430.69 $5,181.92 $770.37 $4,411.56
79 $201,019.13 $5,181.92 $753.82 $4,428.10
80 $196,591.03 $5,181.92 $737.22 $4,444.70
81 $192,146.33 $5,181.92 $720.55 $4,461.37
82 $187,684.96 $5,181.92 $703.82 $4,478.10
83 $183,206.85 $5,181.92 $687.03 $4,494.89
84 $178,711.96 $5,181.92 $670.17 $4,511.75
85 $174,200.21 $5,181.92 $653.25 $4,528.67
86 $169,671.54 $5,181.92 $636.27 $4,545.65
87 $165,125.89 $5,181.92 $619.22 $4,562.70
88 $160,563.19 $5,181.92 $602.11 $4,579.81
89 $155,983.38 $5,181.92 $584.94 $4,596.98
90 $151,386.40 $5,181.92 $567.70 $4,614.22
91 $146,772.18 $5,181.92 $550.40 $4,631.52
92 $142,140.65 $5,181.92 $533.03 $4,648.89
93 $137,491.76 $5,181.92 $515.59 $4,666.33
94 $132,825.43 $5,181.92 $498.10 $4,683.83
95 $128,141.61 $5,181.92 $480.53 $4,701.39
96 $123,440.22 $5,181.92 $462.90 $4,719.02
97 $118,721.20 $5,181.92 $445.20 $4,736.72
98 $113,984.48 $5,181.92 $427.44 $4,754.48
99 $109,230.00 $5,181.92 $409.61 $4,772.31
100 $104,457.69 $5,181.92 $391.72 $4,790.20
101 $99,667.49 $5,181.92 $373.75 $4,808.17
102 $94,859.32 $5,181.92 $355.72 $4,826.20
103 $90,033.13 $5,181.92 $337.62 $4,844.30
104 $85,188.83 $5,181.92 $319.46 $4,862.46
105 $80,326.37 $5,181.92 $301.22 $4,880.70
106 $75,445.67 $5,181.92 $282.92 $4,899.00
107 $70,546.67 $5,181.92 $264.55 $4,917.37
108 $65,629.30 $5,181.92 $246.11 $4,935.81
109 $60,693.49 $5,181.92 $227.60 $4,954.32
110 $55,739.17 $5,181.92 $209.02 $4,972.90
111 $50,766.27 $5,181.92 $190.37 $4,991.55
112 $45,774.72 $5,181.92 $171.66 $5,010.27
113 $40,764.46 $5,181.92 $152.87 $5,029.05
114 $35,735.41 $5,181.92 $134.01 $5,047.91
115 $30,687.49 $5,181.92 $115.08 $5,066.84
116 $25,620.65 $5,181.92 $96.08 $5,085.84
117 $20,534.81 $5,181.92 $77.01 $5,104.91
118 $15,429.89 $5,181.92 $57.86 $5,124.06
119 $10,305.83 $5,181.92 $38.65 $5,143.27
120 $5,162.56 $5,181.92 $19.36 $5,162.56
0 years. Payments are made monthly. Please build up
principal payment in every period by using Goal Seek
SS MS F Significance F
0.044578 0.044578 5.145055 0.0318510921
0.22527 0.008664
0.269848