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标题: 有题不会啦，烦死啦，finance好的兄弟姐妹们请进啊 [打印本页]
作者: pettydidi 时间: 2010-1-7 01:13:28 标题: 有题不会啦，烦死啦，finance好的兄弟姐妹们请进啊
作业好难啊，跪求答案，越快越好啊~~
题如下：
1 A company is considering a project to enter a new line of business. The new business will require the company to purchase a new machine that will cost $930,000. These costs will be depreciated on a straight-line basis to zero over three years. At the end of three years, the company will get out of the business and will sell the machine at a market value of $70,000. Working capital of $50,000 will be required from the outset, which will be fully recovered at the end of year 3. The project is expected to generate $1.6 million in sales each year. The operating costs, excluding depreciation, are expected to be $1.15 million per year.
The company tax rate is 30%, and the project’s required rate of return is 12%. What is the net present value of the project?
2
Big Deal Industries is considering the expansion of its operation by introducing a plant extension. The new plant is expected to have a life of ten years and will cost $1,000,000 to erect and make operational on some existing land owned by the company. The land is has an estimated market value of $500,000. Additional spare parts of $100,000 and additional inventory of $400,000 will be required to support the new operation. The annual revenue and expenses associated with the project are estimated to be as follows:
Revenue
|
$1,500,000
|
Operating Expenses
| 950,000
|
Increased Overhead expense
| 100,000
|
Increased interest expense
| 75,000
|
Head-office expense loading
| 150,000
|
Allocated depreciation
| 100,000
|
The weighted average required rate of return appropriate to the project is 15% and the corporate tax rate is 40%. Evaluate the project for Big Deal Industries.
3
i. Gino Ltd has just paid an annual dividend of $1.34 per share. These dividends are expected to increase by 5%pa for the next two years, 4% pa for the following two years, and by 3% pa thereafter. If you have $3,300 to invest in these shares, how many shares can you buy if your required rate of return is 11%pa?
ii. Two years ago, New Homes Ltd issued seven year bonds with a face value of $1,000 and a coupon rate of 9.5%. Coupon payments are made semi-annually. At that time the market yield was 8%pa. Due to the increased insecurity facing the housing industry, the market yield is now 11%pa.
a. What was the market value of the bonds at issue?
b. What is the market value of the bonds today?
c. Discuss your results from (a) and (b) above.
作者: 腿毛菲菲 时间: 2010-1-7 14:09:25
第一题刚有空帮做了，自己用这个template 套第二题吧。
作者: 煮饭公 时间: 2010-1-7 14:57:59
书上都有公式,照样画葫芦就可以了
作者: charlie2e 时间: 2010-1-7 19:57:40
哪有你这样的 不会做 直接要人家给你答案～ 还不如不读！{:7_380:}
肯定连书都没翻过 书上几乎一步一步教你做 就差给你答案了
作者: ~多多~ 时间: 2010-1-7 21:57:57
LZ没上过课也自己一道题都没做过吧....这几个都很BASIC的
作者: pettydidi 时间: 2010-1-7 22:28:29
谢谢大家啦，确实平时没太用功，这只是最后的几道题啦，前面的我自己都做过了，实在是找不到了，头都大了，谢谢一楼的同学，其实我自己也有做，想比照一下啦。
作者: ~多多~ 时间: 2010-1-8 09:31:42
谢谢大家啦，确实平时没太用功，这只是最后的几道题啦，前面的我自己都做过了，实在是找不到了，头都大了，谢谢一楼的同学，其实我自己也有做，想比照一下啦。
pettydidi 发表于 2010-1-7 23:28 
omg i really believe that ...............................................................................................is a lie...............................
作者: nhat123 时间: 2010-1-9 10:45:01
看到一个题目。。。
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