Assignment

𝒕 𝒕 𝒕
𝒕 𝒕 𝒕 𝒕 𝒕 𝒕

1 15 15 1.05 14.29 14.29 0

2 15 15 1.10 13.61 13.61 0
3 15 20 1.16 12.96 17.28 -5
4 30 20 1.22 24.68 16.45 10
計 65.53 61.62
Assignment
• Net Present Value - NPV
𝑁𝑃𝑉 = 𝐵 − 𝐶 = 65.53 − 61.62 = 3.91
• Cost Benefit Ration – CBR
𝐵 65.53
𝐶𝐵𝑅 = = = 1.06
𝐶 61.62
• Internal Rate of Return – IRR
𝑏 −𝑐
𝜌 𝑡ℎ𝑎𝑡 𝑠𝑎𝑡𝑖𝑠𝑓𝑖𝑒𝑠 =0
1+𝜌
15 − 15 15 − 15 15 − 20 30 − 20
+ + + =0
1+𝜌 1+𝜌 1+𝜌 1+𝜌
−5 10
0+0+ + =0
1+𝜌 1+𝜌
1 10
−5 + =0
1+𝜌 (1 + 𝜌)
10
−5 + =0
(1 + 𝜌)
5 1 + 𝜌 = 10
5𝜌 = 10 − 5
𝐼𝑛𝑡𝑒𝑟𝑛𝑎𝑙 𝑟𝑎𝑡𝑒 𝑜𝑓 𝑟𝑒𝑡𝑢𝑟𝑒𝑛 = 𝐼𝑅𝑅 = 𝜌 = 1