Looking for rewards. The process should be clear. There are problems to catch up with.
Second, the enterprise financing problem.
2.6666%9 10 value
Third, what is the title of a financial paper?
There are many kinds of topics in financial papers, and you can choose them from many aspects. For example, small and medium-sized enterprises play a certain role in the national economy and also play a very important role in solving the employment problem. Therefore, from the operation of small and medium-sized enterprises, there are many financial papers about the operation and development of small and medium-sized enterprises and how to help them with financial means. For another example, with the development of the Internet, there are more and more opportunities for enterprises to develop through the Internet, and there are more and more financial topics.
Fourth, the problems of enterprise financial calculation
According to the meaning of the question, a company needs to choose one of two investment schemes, namely Scheme A and Scheme B. The purchase cost of Scheme A is 6.5438+0.5 million yuan, the annual profit can be 6.5438+0.5 million yuan, and the service life is 5 years. The purchase cost of Scheme B is 6.5438+0.3 million yuan, the annual profit is 6.5438+0.8 million yuan, and the service life is 5 years. Suppose the set discount rate is 12%.
In order to decide which scheme is more worth investing, we will use three methods to calculate it: net present value method, net present value method and internal rate of return method.
Net present value method
Using the net present value method, we need to calculate the cash flow of each scheme, discount them to the current point, and then subtract the purchase cost. If the result is positive, it means that the investment yield is higher than the set discount rate, which means that the investment is worthwhile. If the result is negative, it means that the investment yield is lower than the set discount rate, which means that the investment is not worth it.
For Scheme A, the cash flow is as follows:
age
cash inflow
Discount factor
Discounted cash flow
0- 100 1- 100
1 150.893 13.395
2 150.797 1 1.955
3 150.7 12 10.680
4 150.6369.540
5 150.5678.505
Total -46. 125
For Scheme B, the cash flow is as follows:
age
cash inflow
Discount factor
Discounted cash flow
0- 130 1- 130
1 180.893 16.074
2 180.797 14.346
3 180.7 12 12.8 16
4 180.636 1 1.448
5 180.567 10.206
Total -65. 156
Therefore, the net present value of Scheme A is-466,5438+0.25 million yuan, and that of Scheme B is-656,5438+0.56 million yuan. Because the net present value of scheme A is negative, and the net present value of scheme B is smaller, so scheme B is more worth investing than scheme A. ..
Net cash interest rate method
The net present value method is a method of dividing the net present value by the investment amount to get the return on investment. This method can help to determine which investment scheme produces a higher return on investment than the set discount rate, so as to determine which scheme is more worth investing.
For Scheme A, the net cash interest rate is as follows:
Net cash rate = (-46.125100)/1=-0.46125.
For Scheme B, the net cash interest rate is as follows:
Net cash rate = (-65.156/130)/1=-0.50120.
Therefore, the net cash rate of Scheme A is -0.46 125, and that of Scheme B is -0.50 120. Because the net cash rate of Scheme A is lower than the set discount rate, and the net cash rate of Scheme B is lower, Scheme B is more worth investing than Scheme A. ..
internal rate of return
Internal rate of return refers to the discount rate with net present value equal to zero, that is, the return on investment. If the return on investment is higher than the set discount rate, the investment is worthwhile.
For Scheme A, we can calculate the internal rate of return by the following formula:
- 100( 15/( 1irr)^ 1)( 15/( 1irr)^2)( 15/( 1irr)^3)( 15/( 1irr)^4)( 15/( 1irr)^5)=0
By numerical method, we get IRR = 12.4438+0%.
For Scheme B, we can calculate the internal rate of return by the following formula:
- 130( 18/( 1irr)^ 1)( 18/( 1irr)^2)( 18/( 1irr)^3)( 18/( 1irr)^4)( 18/( 1irr)^5)=0
Using numerical method, we get IRR= 12.65%.
Therefore, the IRR of Scheme A is 12.4 1%, and that of Scheme B is 12.65%. Because the internal rate of return of plan B is higher than the set discount rate, and the internal rate of return of plan A is slightly lower than the set discount rate, plan B is more worth investing than plan A. ..
To sum up, through the calculation of net present value method, net present value method and internal rate of return method, it can be concluded that scheme B is more worth investing than scheme A, because scheme B has smaller net present value, lower net present value rate and higher internal rate of return.