※ 引述《littleget (@@@@@@@@@@@@@@@@@@@@@@@)》之銘言： : 麻煩高手幫我解決這題~關於NPV..thx : Marine Corp. is considering the purchase of a new computer to further automate : its accounting system. : Management has been considering several alternative systems including a model : labeled the P25. : The supplier of the P25 has submitted a quote to the company of $7,500 : for the equipment plus $8,400 for software. : Assume (lie equipment can be depreciated for tax over 3 years as follows: : Year 1:$2,500; Year 2:$2,500;Year 3:$2,500. : The software can be written off immediately for tax purpose. 軟體成本直接作當期費用處理，所以應該會造成第一年的節稅效果。 : The company expects to use the new machine for 4 years. : The market for used computer system is such that Marine would realize $1,000 : for the equipment at the end of 4 years. : The software would have no salvage value at that time, : Marine management believes that introduction of the computer system will : enable the company to dispose of its existing accounting equipment. : The existing system has a book value of $200 and can be sold for $100. : Management believes that it will realize improvements in operations from : the new computer system that will be worth $8,000 per year before taxes, : Marine uses a 10% discount rate for this investment and : has a marginal income tax rate of 45% : Compute NPV of investing P25. 0 1 2 3 4 |----------|----------|----------|-----------| 設備成本 (7,500) 折舊節稅 1,125 1,125 1,125 新設備殘值 1,000 軟體成本 (8,400) 軟體成本節稅 3,780 舊設備處分 100 舊設備處分節稅 45 稅後成本節省 4,400 4,400 4,400 4,400 ----------------------------------------------------- (11,975) 5,525 5,525 5,525 5,400 *1.0000 *0.9090 *0.8264 *0.7513 *0.6830 ----------------------------------------------------- 5,452# 大概是這樣吧，希望是你要的答案。 有問題請指教thx 修改一下.. -- 你可以叫我男奴。 --

※ 發信站: 批踢踢實業坊(ptt.cc) ◆ From: 59.114.140.87 ※ 編輯: ryuwang 來自: 59.114.140.87 (02/18 22:44) ※ 編輯: ryuwang 來自: 59.114.140.87 (02/18 23:01)