銆€銆€1.鍦ㄥ伐绋嬬稉(j墨ng)婵�(j矛)鍒嗘瀽涓�锛屽埄鎭槸鎸囨姇璩囪€�(銆€ )銆�

銆€銆€A.鍥犻€氳波鑶ㄨ劰鑰屼粯鍑虹殑浠ｅ児(ji脿)

銆€銆€B.浣跨敤璩囬噾鎵€寰楃殑闋�(y霉)鏈熸敹鐩�

銆€銆€C.鍊熻哺璩囬噾鎵€鎵挎摂(d膩n)鐨勯ⅷ(f膿ng)闅�(xi菐n)

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銆€銆€鏄撻尟(cu貌)锛氭湁鐨勮€冪敓鍙兘閬告搰C鍊熻哺璩囬噾鎵€鎵挎摂(d膩n)鐨勯ⅷ(f膿ng)闅�(xi菐n)锛屾垨D鏀炬浣跨敤璩囬噾鎵€寰楃殑瑁�(b菙)鍎�銆傛敞鎰忛€欏叐鍊�(g猫)绛旀鏄奖闊垮埄鎭珮浣庣殑鍥犵礌锛屽畠鍊戝彲鑳藉奖闊垮埄鎭殑澶у皬锛屼絾涓嶆槸鍒╂伅鏈韩銆�

銆€銆€鎷撳睍锛氶棞(gu膩n)浜庤硣閲戠殑鏅�(sh铆)闁撳児(ji脿)鍊艰€冩牳榛�(di菐n)锛屽彲鑳借€冩牳鐨勫湴鏂瑰寘鎷埄鎭殑缍�(j墨ng)婵�(j矛)鍚京銆佸奖闊垮埄鎭拰鍒╃巼鐨勫洜绱犲拰鍒╂伅鍜屽埄鐜囧湪宸ョ▼缍�(j墨ng)婵�(j矛)娲诲嫊(d貌ng)鐨勪綔鐢�銆�

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銆€銆€2.鏌愰爡(xi脿ng)鐩缓瑷�(sh猫)鏈�2骞�锛屽缓瑷�(sh猫)鏈熷収(n猫i)姣忓勾骞村垵璨告1000钀�(w脿n)鍏�銆傝嫢鍦ㄩ亱(y霉n)鐕�(y铆ng)鏈熺1骞存湯鍎熼倓800钀�(w脿n)鍏�锛屽湪閬�(y霉n)鐕�(y铆ng)鏈熺2骞磋嚦绗�6骞村勾鏈瓑椤嶅劅閭勫墿浣欒哺娆�銆傚湪璨告骞村埄鐜囩偤6%鐨勬儏娉佷笅锛岄亱(y霉n)鐕�(y铆ng)鏈熺2骞村埌绗�6骞存瘡骞村勾鏈噳(y墨ng)閭勬湰浠樻伅(銆€ )钀�(w脿n)鍏�銆�

銆€銆€A.454.0

銆€銆€B.359.6

銆€銆€C.328.5

銆€銆€D.317.1

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銆€銆€鎬濊矾锛氭湰椤岀殑鐝�(xi脿n)閲戞祦閲忓湒鐐猴細

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銆€銆€A=[1000脳(F/A锛�6%锛�2)脳(F/P锛�6%锛�2)-800] 脳(A/P锛�6%锛�5)=359.6钀�(w脿n)鍏�

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銆€銆€3.鍦ㄤ笅鍒楁姇璩囨柟妗堢稉(j墨ng)婵�(j矛)鏁堟灉瑭�(p铆ng)鍍�(ji脿)鎸囨(bi膩o)涓�锛屽爆浜庢姇璩囨柟妗堢泩鍒╄兘鍔涘嫊(d貌ng)鎱�(t脿i)鎸囨(bi膩o)鐨勬槸(銆€ )銆�

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銆€銆€B.鍑堢従(xi脿n)鍊肩巼鍜屽埄鎭倷浠樼巼

銆€銆€C.鍑堢従(xi脿n)鍊肩巼鍜屽収(n猫i)閮ㄦ敹鐩婄巼

銆€銆€D.鍑堢従(xi脿n)鍊煎拰绺芥姇璩囧埄娼�(r霉n)鐜�

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銆€銆€鏄撻尟(cu貌)锛氬湪瑙ｇ瓟鏈鏄槻姝㈤尟(cu貌)瑾ょ殑闂�(gu膩n)閸典箣涓€鏄崁(q奴)鍒ラ潨鎱�(t脿i)鎸囨(bi膩o)鍜屽嫊(d貌ng)鎱�(t脿i)鎸囨(bi膩o);闂�(gu膩n)閸典箣涓€鏄崁(q奴)鍒ュ弽鏄犳姇璩囨柟妗堢泩鍒╄兘鍔涘拰娓呭劅鑳藉姏鐨勬寚妯�(bi膩o)銆�

銆€銆€鎷撳睍锛氶棞(gu膩n)浜庢湰鑰冩牳榛�(di菐n)锛屽彲鑳芥敼鎻涗笉鍚岀殑瑙掑害閫�(j矛n)琛岃€冩牳锛屽彧瑕佹帉鎻′簡瑙ｇ瓟鏈€冩牳榛�(di菐n)鐨勫叐鍊�(g猫)闂�(gu膩n)閸靛氨涓嶆渻(hu矛)鍑虹従(xi脿n)閷�(cu貌)瑾�銆�

銆€銆€绛旀锛欳

銆€銆€4.鏌愰爡(xi脿ng)鐩従(xi脿n)閲戞祦閲忚〃(鍠綅锛氳惉(w脿n)鍏�)濡備笅锛�

銆€銆€骞村害銆€ 1銆€ 2銆€ 3銆€ 4銆€ 5銆€ 6銆€ 7銆€ 8

銆€銆€鍑堢従(xi脿n)閲戞祦閲忋€€ -1000銆€ -1200銆€ 800銆€ 900銆€ 950銆€ 1000銆€ 1100銆€ 1200

銆€銆€鎶樼窔绯绘暩(sh霉)(ic=10%)銆€ 0.909銆€ 0.826銆€ 0.751銆€ 0.683銆€ 0.621銆€ 0.564銆€ 0.513銆€ 0.467

銆€銆€鎶樼従(xi脿n)鍑堢従(xi脿n)閲戞祦閲忋€€ -909.0銆€ -991.2銆€ 600.8銆€ 614.7銆€ 589.95銆€ 564.0銆€ 564.3銆€ 560.4

銆€銆€鍓囪┎闋�(xi脿ng)鐩殑鍑堢従(xi脿n)鍊煎拰鍕�(d貌ng)鎱�(t脿i)鎶曡硣鍥炴敹鏈熷垎鍒ョ偤(銆€ )銆�

銆€銆€A.1593.95钀�(w脿n)鍏冨拰4.53骞�

銆€銆€B.1593.95钀�(w脿n)鍏冨拰5.17骞�

銆€銆€C.3750钀�(w脿n)鍏冨拰4.53骞�

銆€銆€D.3750钀�(w脿n)鍏冨拰5.17骞�

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銆€銆€鍑堢従(xi脿n)鍊肩巼(NPV)锛�

銆€銆€NPV=-909.0-991.2+600.8+614.7+589.95+564.0+564.3+560.4=1593.95钀�(w脿n)鍏�

銆€銆€鍕�(d貌ng)鎱�(t脿i)鎶曡硣鍥炴敹鏈�(P't)锛�

銆€銆€骞村害銆€ 1銆€ 2銆€ 3銆€ 4銆€ 5銆€ 6銆€ 7銆€ 8

銆€銆€鍑堢従(xi脿n)閲戞祦閲忋€€ -1000銆€ -1200銆€ 800銆€ 900銆€ 950銆€ 1000銆€ 1100銆€ 1200

銆€銆€鎶樼従(xi脿n)鍑堢従(xi脿n)閲戞祦閲忋€€ -909.0銆€ -991.2銆€ 600.8銆€ 614.7銆€ 589.95銆€ 564.0銆€ 564.3銆€ 560.4

銆€銆€绱▓(j矛)鎶樼従(xi脿n)鍑堢従(xi脿n)閲戞祦閲忋€€ -909.0銆€ -1900.2銆€ -1299.4銆€ -684.7銆€ -94.75銆€ 469.25

銆€銆€P't =6-1+鈹�-94.75鈹�/564.0=5.17骞�

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