Instead of calculating a project’s net present value, companies often prefer to ask
whether the project’s return is higher or lower than the opportunity cost of capital. For
example, think back to the original proposal to build the office block. You planned
to invest $350,000 to get back a cash flow of C1 = $400,000 in 1 year. Therefore, you
forecasted a profit on the venture of $400,000 – $350,000 = $50,000, and a rate of
return of
Rate of return = profit / investment = (C1 – investment) / investment
= ($400,000 – $350,000) / $350,000 = .1429, or about 14.3%
The alternative of investing in a U.S. Treasury bill would provide a return of only 7
percent. Thus the return on your office building is higher than the opportunity cost of
capital.
以上是从书上抄来的，书名为 Fundamentals of Corporate Finance。需要这本书的话，请留油箱。
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Jack315 (威望:4) (江苏 苏州) 家电/电器 经理
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whether the project’s return is higher or lower than the opportunity cost of capital. For
example, think back to the original proposal to build the office block. You planned
to invest $350,000 to get back a cash flow of C1 = $400,000 in 1 year. Therefore, you
forecasted a profit on the venture of $400,000 – $350,000 = $50,000, and a rate of
return of
Rate of return = profit / investment = (C1 – investment) / investment
= ($400,000 – $350,000) / $350,000 = .1429, or about 14.3%
The alternative of investing in a U.S. Treasury bill would provide a return of only 7
percent. Thus the return on your office building is higher than the opportunity cost of
capital.
以上是从书上抄来的，书名为 Fundamentals of Corporate Finance。需要这本书的话，请留油箱。