맨큐의 경제학 27장 응용문제

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맨큐의 경제학 응용문제를 영어로 각 2문제씩 풀이해 놓은 레포트로 A+ 받은 것입니다.

목차

2. A company has an investment project that would cost $15 million today and yield a payoff of $20 million in five years.
a. Should the firm undertake the project if the interest rate is 8 percent? 7 percent?
6 percent? 5 percent?
b. Can you figure out the exact cutoff for the interest rate between profitability and nonprofitability?

7. A company faces two kinds of risk. A firm-specific risk is that a competitor might enter its market and take some of its customers. A market risk is that the economy might enter a recession, reducing sales. Which of these two risks would more likely cause the company`s share-holders to demand a higher return? Why?

본문내용

2. A company has an investment project that would cost $15 million today and yield a payoff of $20 million in five years.
a. Should the firm undertake the project if the interest rate is 8 percent? 7 percent?
6 percent? 5 percent?
● Discount future value to present value.
- 8 percent : $2,000/(1.08)5 = about $1,361 〈 $1,500 : not undertake
- 7 percent : $2000/(1.07)5 = about $1,426 〈 $1,500 : not undertake

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