光华mba公司财务讲义-中文-lecture8.pptVIP

* Well, maybe you could get a “C” without studying. * * * If you don’t invest, the NPV = 0 even if you test first, because the cost of testing becomes a sunk cost. If you are so unwise as to invest in the face of a failed test, you incur lots of additional costs, but not much in the way of revenue, so you have a negative NPV as of date 1 of -$3,611. I didn’t think adding the calculations aided the pedagogy, so I left it off. * * * * * Note the irony of scenario 1: our workers are too sick to make the medicine. * To find 3.16987, use your financial calculator to find the PV of an annuity that p