1.NPV 분석
(1)현금 유입 현가
4,287,020,000+(4,287,020,000/1.01^5)+(4,876,020
,000/1.01^10)+(4,876,020,000/1.01^15)+(4,876,02
0,000/,1.01^20) = 20,468,907,000원
(2) 현금 유출 현가
51,162,852,000+(643,053,000/1.01^5)+(3,524,573
,000/1,01^10)+(643,053,000/1.01^15)+(3,524,573,0
00/1,01^20) = 18,407,883,000원
(3)NPV : 20,468,907,000 - 18,407,883,000
= 2,061,025,000〉0 (∴타당성 있음)
2. PI(B/C)지수
20,468,907,000 / 18,407,883,000 =
1.11〉1 (∴타당성 있음)
2. PI(B/C)지수
20,468,907,000 / 18,407,883,000 =
1.11〉1 (∴타당성 있음)
3. IRR
6,875,832,000+(3,643,967,000/(1+X)^5)+(1,351,447
,000/(1+X)^10)+(3,643,967,000/(1+X)^15)+(1,351,
447,000/(1+X)^20) = 0
(1) X = 18%일 때 NPV=97,756,000
(2) X = 19%일 때 NPV=-23,018,000
(3) 결정
X=18%+1%×97,756,000/97,756,000-(-23,018,000)=18.81%
(투자자가 요구수익률 12%보다 높으므로 타당성있음)