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2 months ago

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Project A has cash flows of –$74,900, $18,400, $26,300, and $57,100 for Years 0 to 3, respectively. Project B has cash flows of

–$79,000, $18,400, $22,700, and $51,500 for Years 0 to 3, respectively. Both projects are independent, have multiple noncash expenses, and use straight-line depreciation to a zero balance over the project's life. Neither project has any salvage value. Both projects have a required accounting return of 11.5 percent. Should you accept or reject these projects based on the average accounting return?

1 answer:

Mariulka [3.8K]2 months ago

6 0

Respuesta:

El Proyecto A debe ser aceptado NPV 3,948.77

El Proyecto B debe ser rechazado NPV -7,086.76

Explicación:

Calcular el valor presente de cada flujo de caja con una tasa de descuento del 11.5% utilizando la fórmula para el valor presente de un monto único:

$\frac{Nominal}{(1 + rate)^{time} } = PV$

la tasa para cada flujo de caja será del 11.5%

el tiempo corresponderá al año del flujo de caja

y el valor nominal de cada flujo de caja

Proyecto B:

Año 1

$\frac{18400}{(1 + 0.115)^{1} } = PV$

PV 16,502.24

Año 2

$\frac{22700}{(1 + 0.115)^{2} } = PV$

PV 18,258.96

Año 3

$\frac{51500}{(1 + 0.115)^{3} } = PV$

PV 37,152.04

Total flujo de caja descontado: 71,913.24‬

NPV: flujo de caja descontado - inversión

71,913.24 - 79,000 = -7,086.76

El Proyecto B debe ser rechazado NPV -7,086.76

Proyecto A:

Año 1:

$\frac{18400}{(1 + 0.115)^{1} } = PV$

PV 16,502.24

Año 2:

$\frac{26300}{(1 + 0.115)^{2} } = PV$

PV 21,154.66

Año 3:

$\frac{57100}{(1 + 0.115)^{3} } = PV$

PV 41,191.87

Total flujo de caja descontado: 78,848.77

NPV:flujo de caja descontado - inversión

78,848.77 - 74,900 = 3,948.77‬

El Proyecto A debe ser aceptado NPV 3,948.77

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Datos proporcionados en la pregunta:

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