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1. [Background material] A project has a construction period of 3 years and an operation period of 8 years. The project construction investment is 36
1. [Background material] A project has a construction period of 3 years and an operation period of 8 years. The project construction investment is 36 million yuan, divided into 3 years, the annual investment ratio is 20%, 30%, 50%, of which the capital capital accounts for 40%, and the capital is given priority. The insufficient part is then loaned to the bank. The bank loan is issued at the beginning of the year , The interest rate is 10%, the sum of construction investment and bank interest during the construction period all form fixed assets, and the residual value rate is 7%. The residual value of fixed assets is recovered at the end of the operation period. The construction unit and the bank agreed that the principal and interest will not be repaid in the first year of the operation period. During the five years from the second year of the operation period, the repayment shall be made in accordance with the equal principal method at the end of each year, and the interest incurred in the current year shall be repaid at the same time. In the first year of the operation period, it invested 4 million yuan in working capital, all of which was capital. The operating cost and operating income of the first year of the project operation period are calculated at 80% of the normal year, and the second year of the operation period is calculated at 90% of the normal year. The operating income of the normal year is 20 million and the operating cost is 6 million. The business tax and additional tax rate is 10%, the industry benchmark rate of return is 12%, and the industry benchmark static investment payback period is 8 years, with 2 decimal places. 1Preparation of project loan principal and interest payment table; 2 Preparation of project capital (own funds), cash flow statement; Calculate the financial net present value of capital and static investment payback period, and evaluate whether the project is feasible.
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