问题 问答题

某企业拟购建一项生产设备。预计建设期为1年,所需原始投资200万元于建设期开始时一次投入。该设备预计使用寿命为5年,使用期满报废清理时无残值,折旧方法采用直线法。设备投产后每年增加净利润60万元。假定适用的折现率为10%。
要求:
(1)计算项目计算期内各年净现金流量。
(2)计算项目净现值,并评价其可行性。
[附:利率为10%,期限为5的年金现值系数(P/A,10%,5)=3.7908
利率为10%,期限为6的年金现值系数(P/A,10%,6)=4.3553
利率为10%,期限为1的复利现值系数(P/F,10%,1)=0.9091]

答案

参考答案:

第0年净现金流量(C0)=-200(万元)

第1年净现金流量(NCF1)=0(万元)

第2~6年净现金流量(NCF2-6)=

(万元)

(2)净现值(NPV)

=-200+100×[(P/A,10%,6)-(P/A,10%,1)]

=-200+100×(4.3553-0.9091)

=144.62(万元)

评价:由于该项目净现值NPV>0,所以投资方案可行。

填空题
阅读理解

"Time is a problem for children," states a news report for a new Swiss watch. Children in some countries" learn time slowly" because" they don’t wear watches" and " parents don’t really know how to teach them time. " The children grow up with this handicap and become adults (成人) —and then can’t get to work on time. Is there an answer to this problem? Of course — it’s the Flik Flak, made by a famous Swiss watch company.

The Flik Flak is being marketed as something teaching watch for children aged 4 to 10. The watch itself does not teach children how to tell time, of course; it merely " takes their imagination" by presenting the " hour" hand as a beautiful red girl named Flak and the " minute" hand as a tall blue boy named Flik. Flik points to related" blue" minutes on the dial, while Flak points to " red" hour numbers. The characters and colors combined with parental help, are supposed to teach young children how to tell time.

The watch comes equipped with a standard battery (电池) and a nylon band (尼龙表带). Peter Lipkin, the United States sales manager for the Flik Flak, calls it " childproof if it gets dirty you can throw the whole watch in the washing ma­chine. " The product is being sold in select department stores in Europe, Asia and the United States for a suggested price of $25. Parents who buy the watch may discover that it is one thing to tell time; it’s quite another for them to be on time.

1. From the news report we know that ______.

A. parents are patient when teaching children time

B. parents have little idea of how to teach children time

C. children are likely to learn time quickly

D. children enjoy wearing the Flik Flak watch

2. The author doesn’t seem to believe ______.

A. children will be on time if they have learnt how to tell time

B. a Flik Flak can help parents teach their children how to tell time

C. the Flik Flak can take children’s imagination

D. children usually have trouble telling time if they don’t wear watches

3. The underlined word handicap in Para. 1 means

A. displeasure        B. discouragement        C. disappointment     D. disadvantage

4. The United State sales manager calls the new watch " childproof" because ______.

A. it is designed to teach children to be on time

B. it proves to be effective in teaching children time

C. it is made so as not to be easily damaged by children

D. it is the children’s favorite watch