[請益] NPV and IRR?

看板CFAiafeFSA作者 (Who dey!)時間16年前 (2008/02/21 03:59), 編輯推噓3(3推 0噓 7→)
留言10則, 5人參與, 最新討論串1/1
小弟正在準備cfa L1的考試 做到一題關於NPV跟IRR的判定問題, 請各位不吝指教 Should a company accept a project that has an IRR of 14% and an NPV of $2.8m if the cost of capital is 12%? a. yes. based only on the NPV b. yes. based only on the IRR c. yes. based only on the NPV and the IRR d. no. based only on the NPV and the IRR a跟d是錯的, 我選了b. 因為只要IRR> cost of capital應該就要accept. 但是答案是c. 要based only on the NPV and the IRR. why? -- ※ 發信站: 批踢踢實業坊(ptt.cc) ◆ From: 74.215.248.216
推
02/21 08:55, , 1F
NPV>0
02/21 08:55, 1F
→
02/21 11:07, , 2F
我的意思是, 不是只要IRR>0就可以判定了嗎?
02/21 11:07, 2F
→
02/21 11:32, , 3F
內部報酬率至少要超過借錢成本
02/21 11:32, 3F
推
02/21 11:57, , 4F
兩個獨立的案子 npv法跟irr法都可以適用
02/21 11:57, 4F
→
02/21 11:58, , 5F
當遇到互斥的案子 要以NPV法為主
02/21 11:58, 5F
→
02/21 11:59, , 6F
因為這個案子 從NPV法也接受 從IRR法也接受 所以選C
02/21 11:59, 6F
→
02/21 11:59, , 7F
一般來說常用NPV法 它是使股東財富極大的判斷方法
02/21 11:59, 7F
→
02/21 12:02, , 8F
用IRR法有很多的壞處 EX:多重解、沒有考慮到規模的問題
02/21 12:02, 8F
→
02/21 12:14, , 9F
了解. 感謝回覆. 受教了
02/21 12:14, 9F
推
02/21 18:59, , 10F
嗯~有趣..有趣!@^.^@(哞達啦..哞達啦..金榜題名~~敕!)
02/21 18:59, 10F
‣ 更多 kidd0601 的文章
文章代碼(AID): #17l8QiG4 (CFAiafeFSA)