第七章 净现值与其他投资准则培训教材.pptVIP

Chapter 7;Chapter Outline;Good Decision Criteria;1. Net Present Value (NPV);Why NPV?;NPV – Decision Rule;2. Payback Period;Computing Payback;Advantages and Disadvantages of Payback;3. Discounted Payback Period;Computing Discounted Payback;Advantages and Disadvantages of Discounted Payback;4. Average Accounting Return (AAR);Computing AAR;Advantages and Disadvantages of AAR;5. Internal Rate of Return (IRR);IRR – Definition and Decision Rule;Computing IRR;Decision Rule for IRR成立条件;IRR and Non-conventional Cash Flows;IRR and Mutually Exclusive Projects;Mutually Exclusive Projects;NPV Profiles;Adva