Question

请问几道公司理财的题，谁会请帮忙写一下答案！

1.You would like to have $75,000 in 15 years. To accumulate this amount, you plan to deposit each year an equal sum in the bank, which will earn 8% interest compounded annually. Your first payment will be made at the end of the year. a. How much must you deposit annually to accumulate this amount?
b. If you decide to make a lump-sum deposit today instead of the annual deposits, how large should this lump-sum deposit be? (Assume you can earn 8% on this deposit.)
c. At the end of 5 years you will receive $20,000 and deposit this in the bank toward your goal of $75,000 at the end of 15 years. In addition to this deposit, how much must you deposit in equal annual deposits to reach your goal? (Again, assume that you can earn 8% on this deposit.)

2. The Z. Bello Corporation is considering two mutually exclusive projects. The cash flows associated with those projects are as follows:
Year Project A Project B
0 –$50,000 –$50,000
1 16,000 0
2 16,000 0
3 16,000 0
4 16,000 0
5 16,000 $100,000
The required rate of return on these projects is 11%.
a. What is each project’s payback period?
b. What is each project’s net present value?
c. What is each project’s internal rate of return?
d. What has caused the ranking conflict?
c. Which project should be accepted? Why?
3. Three recent liberal arts graduates have interested a group of venture capitalists in backing a new business enterprise. The proposed operation would consist of a series of retail outlets to distribute and service a full line of personal computer equipment. These stores would be located in Texas, Arizona, and New Mexico.Two financing plans have been proposed by the graduates. Plan A is an all common equity structure. Four million dollars would be raised by selling 80,000 shares of common stock. Plan B would involve the use of long-term debt financing. Two million dollars would be raised by marketing bonds with an effective interest rate of 16%. Under this alternative, another $2 million would be raised by selling 50,000 shares of common stock. With both plans, $4 million is needed to launch the new firm’s operations. The debt funds raised under Plan B are considered to have no fixed maturity date, in that this proportion of financial leverage is thought to be a permanent part of the company’s capital structure. The fledgling executives have decided to use a 34% tax rate in their analysis, and they have hired you on a consulting basis to do the following:
a. Find the EBIT indifference level associated with the two financing proposals.
b. Prepare an analytical income statement that proves EPS will be the same regardless of the plan chosen at the EBIT level found in part a above.
如果能把第三题按步骤写出来我将十分感谢，第一题和第二题我已经会做了！希望会的人把第三题帮忙写出来！我愿意提高悬赏

Answer 1

1 a. FV=$75,000 N=15 I/Y=8% PV=0
答PMT= $2762.21

1b.FV=$75,000 N=15 I/Y=8% PMT=0
答PV=$23643.13

1c. 因为在 Year 5 you will have a $20,000 deposit, so we need to calculate the FV this &20,000 alone can bring us, and then deduct this part from the total ($75,000) and then find out how much the equal annual deposits should be

N=10 I%=8 PV=-20000 PMT=0
求出FV= 43178.5
deduct from $75,000
$75,000-$43,178.5=$33562.5

所以 Equal Annual Deposit等于
N=15 I%=8 PV=0 FV=33562.5
得出： PMT=$1236.09

第2题 根据定义代数进去就可以了

第3题
a. EBIT 你interest 已知 Tax rate 已知 也是代数进去
b. Earning Per share 你计算一下得出相等EPS 就可以了