8/13/2019 Aplica_ii Pentru dgdrgdbdfbLucru Individual La Tema 6

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Aplicaii pentru lucru individual la tema 6.

1. An investment project has a cost of 1300 thousands m.u. and an exploitation period of 5years. The situation on project incomes and expenditures for each year is presented in thetable.

Indicators Exploitation period

1 3 ! 5"ash inflo#s$thousands m.u.%

1500 000 500 000 1500

"ash outflo#s$thousands m.u.%

1100 1!00 1&00 1!00 1 00

At the end of the last year it #ould be sold for 3 thousands m.u.

'etermine the projected cash flo#s for the proposed project and the total discounted cashflo# if the discount rate is 1 (.

. An investor is analysin) an investment project of purchasin) a ne# technolo)y. The totalinvestment amount is !0.000 lei. It is expected that the salva)e value #ill cover the expenses

for li*uidation. The expected revenues are the follo#in)+1 year , 0.-00 lei year , 30.&00lei 3 year , 5.000 lei ! year , 15.000 lei. The operatin) costs for the first year are !-00 leiand each year it #ill increase to 5(. The cost of capital is 1 (. The company #ill have to

pay income taxes of 0(. 'etermine the projected cash flo#s after taxes for the proposed project and the total discounted cash flo#.

3. "onsider an investment of 1500 m.u. for ! years at interest rate of 1&( compounded*uarterly.a. "alculate the amount available at the end of the second year.

b. "alculate the effective annual interest rate.

!. To #hat value #ill )ro# /10000 if it is invested at 15 percent annually for ! years. hat#ould the future value be if the interest #ere compounded annually semiannually*uarterly and monthly

5. hat is the present value of a 5 year ordinary annuity of / 00 if the interest rate is 10(annually hat #ould the future value of annuity #ould be if the annuity #ere an annuitydue.

&. hat is the future value of a 3 year ordinary annuity of /100 if the interest rate is 10(annually hat #ould the present value of annuity #ould be if the annuity #ere an annuitydue.

2. A company invests /1 000 in rental property and expects the price to appreciate -( annuallyfor & years. "alculate the expected price of the property at the end of 3 years and at the endof & years.

-. Assumin) an -( annual opportunity cost #hich amount is #orth more today /&000 at theend of the next 10 years or /1 000 at the end of the next 0 years

. An investor #ill ta4e from a corporation annual dividends in amount of 50.000 m. u. for 10years. hat is the present value of the dividends received in the last year if the discount rateis 15( hat #ould be the total amount of dividends at the end of the time period

10. ou invested 50000 67' and ten years later the value of your investment has )ro#n to1-53&1 67'. hat isyour compounded annual rate of return over this period