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1. [background material] The construction period of a project is 3 years and the operation period is 8 years. The construction investment of the project

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1. [background material] The construction period of a project is 3 years and the operation period is 8 years. The construction investment of the project is 36 million yuan, which is divided into three years. The annual investment proportion is 20%, 30% and 50%. Among them, 40% of the capital is invested first, and the insufficient part is lent to the bank. The bank loan is issued at the beginning of the year with an interest rate of 10%. The sum of the construction investment and bank interest during the construction period forms fixed assets with a residual value rate of 7%, The residual value of fixed assets is recovered at the end of operation. The construction unit and the bank agree that the principal and interest will not be paid in the first year of the operation period, and the same amount of principal method at the end of each year will be used to repay the interest incurred in the current year during the five years from the second year of the operation period. In the first year of the operation period, the working capital is 4 million yuan, all of which is capital. The operating cost and operating income of the first year of the operation period are calculated by 80% of the normal year, and the second year of the operation period is calculated as 90% of the normal year. The operating income of the normal year is 20 million yuan, and the operating cost is 6 million yuan. Assuming that the business tax and additional tax rate is 10%, the industry benchmark rate of return is 12%, The static payback period of industry benchmark is 8 years, with 2 decimal places reserved Preparation of loan repayment statement 2 Prepare project capital (own funds) and cash flow statement; Calculate the financial net present value of capital and static Investment payback period, and evaluate whether the project Is feasible 1. [background material] The construction period of a project is 3 years and the operation period is 8 years. The construction investment of the project is 36 million yuan, which is divided into three years. The annual investment proportion is 20%, 30% and 50%. Among them, 40% of the capital is invested first, and the insufficient part is lent to the bank. The bank loan is issued at the beginning of the year with an interest rate of 10%. The sum of the construction investment and bank interest during the construction period forms fixed assets with a residual value rate of 7%, The residual value of fixed assets is recovered at the end of operation. The construction unit and the bank agree that the principal and interest will not be paid in the first year of the operation period, and the same amount of principal method at the end of each year will be used to repay the interest incurred in the current year during the five years from the second year of the operation period. In the first year of the operation period, the working capital is 4 million yuan, all of which is capital. The operating cost and operating income of the first year of the operation period are calculated by 80% of the normal year, and the second year of the operation period is calculated as 90% of the normal year. The operating income of the normal year is 20 million yuan, and the operating cost is 6 million yuan. Assuming that the business tax and additional tax rate is 10%, the industry benchmark rate of return is 12%, The static payback period of industry benchmark is 8 years, with 2 decimal places reserved Preparation of loan repayment statement 2 Prepare project capital (own funds) and 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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