Annual cash flow = 21.4 *12 = 2.568 million yuan.
Payback period of static investment =2+(600-256.8*2)/256.8=2.34 years.
Question 2: Initial investment100000 yuan. How to calculate the internal rate of return and payback period of investment needs to be assumed: the straight-line depreciation method is adopted for depreciation, the service life is 5 years, and there is no residual value, so the annual depreciation expense = 654.38+0000/5 = 2 million yuan.
Calculate the internal rate of return before all capital income taxes,
The annual cash flows from 14 to 18 are: 500(300+200), 600,700,800,900 respectively.
Payback period of static investment =1+(1000-500)/600 =1.83 years.
The internal rate of return is i.
- 1000+500/( 1+i)+600/( 1+i)^2+700/( 1+i)^3+800/( 1+i)^4+900/( 1+i)^5=0
i=54.97%
Question 3: Why are the payback period and return on investment reciprocal? The payback period of investment is not equal to the reciprocal of the return on investment.
The return on investment is the ratio of annual net income to total investment in normal production years after the project is put into production, and the ratio of annual net cash flow to total investment is usually calculated from the construction period. There is also a payback period calculated from the trial operation date.
The net income of normal production year is not necessarily equal to the net cash flow of each year. ! ! ! ! ! ! !
For the formula Pt=I/A, it can be used directly when the investment in the current year has the income in the current year, otherwise the construction period needs to be added.
Question 4: How to calculate the investment return period? 100 minute payback period = initial investment/annual net cash flow
Annual net cash flow = after-tax profit+depreciation of fixed assets
Question 5: How to calculate the payback period and break-even point of project loan investment? The payback period of project loan investment refers to the loan repayment period (loan repayment period)
Loan repayment period
It refers to the time required to repay the principal and interest of domestic loans during the construction period with funds that can be used for repayment after the project is put into production under the national financial regulations and specific financial conditions of the project.
Calculation formula:
Loan repayment period = debt repayment period-1+ principal and interest payable in the year of debt repayment/total amount of funds due in the year of debt repayment.
Average transition point
Calculation of BEP production capacity utilization rate;
Annual fixed cost
BEP capacity utilization ratio =-× 100%
Annual operating income-annual variable cost-annual business tax
Calculation of break-even point output;
Annual fixed total cost
BEP yield =-100%.
Unit product price-unit product variable cost-unit product business tax and surcharges
Question 6: How to analyze the economic benefits by payback period method? What is payback period method?
The payback period method is also called "payback period method". It is a static analysis method, which calculates the income, depreciation and amortization of intangible assets under normal production and operation conditions after the project is put into production, and analyzes the financial benefits of the project investment by comparing with the payback period of the industry benchmark investment.
Payback period index measures the speed of recovering the initial investment. The basic selection criteria are: when there is only one project to choose from, the payback period of the project should be less than the highest standard set by the decision maker; If there are multiple projects to choose from, the project with the shortest payback period should be selected on the premise that the payback period of the project is less than the highest standard required by the decision maker.
Calculation of payback period of investment
The calculation of investment payback period is quite simple, and its calculation formula is as follows:
Where T is the payback period of investment, Ct is the cash inflow during T, and Co is the initial investment.
In the case of equal cash flow in each period of the investment project, it is only necessary to divide the initial investment amount of the investment by the cash flow in one period. The formula is:
Payback period of investment = initial investment/first cash flow.
If the annual net cash inflow after the investment project is put into production is not equal (in most cases), it needs to be accumulated year by year, and finally the payback period of investment is calculated.
It can also be expressed as:
In the formula, the total investment of the project is the total investment including loan interest during the project construction period. Annual income refers to the income, depreciation and amortization of intangible assets obtained in the first year after the project is put into production. Annual income can be calculated according to pre-tax profit and after-tax profit, and currently it is generally calculated according to annual pre-tax profit. When calculating the payback period of investment, the depreciation and amortization of intangible assets should be added to the annual income, because depreciation and amortization are the sources of funds for repurchasing fixed assets and intangible assets. Although it is not the income of the project, it is used to compensate the investment in fixed assets and intangible assets, so it should also be used as the recovered investment together with the income. The payback period calculated by the above formula is calculated from the date of production. If you start from the start, you should also add the construction period.
Characteristics of investment payback period index
The payback period index is characterized by simple calculation and easy understanding, and to some extent, it considers the investment risk (the longer the payback period, the higher the investment risk, and vice versa), so it has been widely used by investment decision makers for a long time and is still an important index to be referenced in investment decision-making. However, the payback period index has some fatal weaknesses.
First, the payback period index gives equal weight to the cash flow in each period, regardless of the time value of funds.
Second, the payback period index only considers the contribution of cash flow to investment income before payback period, but does not consider the contribution of cash flow to investment income after payback period.
Thirdly, the standard determination of investment payback period index is subjective.
Advantages and disadvantages of payback period method
The advantages of payback period method are easy to understand and simple to calculate. As long as the calculated payback period is shorter than the industry benchmark payback period, you can consider accepting this project.
Its disadvantages are: (1) only pays attention to the investment recovery period of the project, but does not directly explain the profitability of the project; (2) The profitability of the whole life cycle of the project is not considered; (3) The time value of funds is not considered. It is generally only used in the primary election of the project.
Question 7: How to calculate the payback period? 20-minute operating cash flow refers to the cash inflow and outflow generated by production and operation during the life cycle after the investment project is put into use.
The upfront investment of 3 million can't be counted.
When calculating the net cash flow, it needs to be included.
Question 8: For the payback period method and static payback period method of NPV method, the cumulative cash flow =-30-20+20+20+20+20 = 70.
possible
All the investment can be recovered in the fifth and a half years.
Net present value =-30-20/(1+10%)+20/(1+10%) 3+20/(1+10%)
It is positive and should be invested.
IRR calculated by excel =19.73%.
I don't know how to calculate the profit index.