罗斯《公司理财》英习题答案DOCchap006.docVIP

公司理财习题答案 第六章 B-PAGE 70 Answers to End-of-Chapter Problems B-PAGE 71 Answers to End-of-Chapter Problems Chapter 6: Some Alternative Investment Rules 6.1 a. Payback period of Project A = 1 + ($7,500 - $4,000) / $3,500 = 2 years Payback period of Project B = 2 + ($5,000 - $2,500 -$1,200) / $3,000 = 2.43 years Project A should be chosen. b. NPVA = -$7,500 + $4,000 / 1.15 + $3,500 / 1.152 + $1,500 / 1.153 = -$388.96 NPVB = -$5,000 + $2,500 / 1.15 + $1,200 / 1.152 + $3,000 / 1.153 = $53.83 Project B should be chosen. 6.2 a. Payback period = 6 + {$1,000,000 - ($150,000 ? 6)} / $150