咨询公司面试常用分析模型.docxVIP

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Adva ncedc on cepts frameworks MBAsa ndotherca ndidateswithbusi nessbackgro un ds,take note-i nterviewerswilleRpectRoutohaveam oredetailedtake on Rourcasetha nanun dergraduatewouldhave.Herearesomecom mon IRusedcasec once pts. Netprese ntvalue Perhapsthemostimporta nttRpeofdecisio ncompa nRma nagersmustmake on adailRbasisiswhetherto un dertakeaproposedi nvestme nt.ForeRample,shouldthecompa nRbuRacerta in pieceofequipme nt?Build aparticularfact orR?ln vesti nan ewproject?ThesetRpesofdecisi on sarecalledcapitalbudgeti ngdecisi ons .Thec on sulta ntmakessuchdecisi on sbRcalculati ngthe netprese ntvalueofeachproposed in vestme ntand maki ngon IRthose in vestme ntsthathavepositive netprese ntvalues. ERample:Herna ndezistheCFOofWesternMa nu facturi ngCorp.,a nautomobilema nu facturer.Thecomp an Risc on sideri ngope ningan ewfactorRi nOhiothatwillrequirea nin itiali nvestme ntof$1millio n.Theco mpa nRforecaststhatthefactorRwillge nerateafter-taRcashflowsof$100,000i nRear1,$200,000i nRear2 ,$400,000i nRear3,a nd$400,000i nRear4.Atthee ndofRear4,thecompa nRwouldthe nsellthefactorRfor $200,000.Thecompa nRusesadisco un trateof12perce nt.Her nan dezmustdeterm in ewhetherthecompa n Rshouldgoaheada ndbuildthefactorR.Tomakethisdecisi on ,Herna ndezmustcalculatethe netprese ntval ueofthe in vestme nt.ThecashflowsassociatedwiththefactorRareasfollows: Hernan dezthe ncalculatestheNPVofthefactorRasfollows: Si ncethefactorRhasa negative netprese ntvalue,Herna ndezcorrectlRdecidesthatthefactorRshould notb ebuilt. The netprese ntvaluerule NotefromtheeRampleabovethatoncetheconsultanthasfiguredouttheNPV ofaproposedinvestment,she the ndecideswhetherto un dertakethei nvestme ntbRapplRi ngthe netprese ntvaluerule: Make on IRthosei nvestme ntsthathaveapositive netprese ntvalue. Asl on gasthec on sulta ntfollowsthisrule,sheca nbec on fide ntthateach in vestme ntismak in gapositive netc on tributi on tothecompa nR. TheCapitalAssetPrici ngModel(CAPM) In theaboveeRample,weassumedagive ndisco un trat

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