2023年历年房地产估价师房地产开发经营与管理试卷和答案

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36Z@-cWc)“=or»0-5400+((0.9975x+1000)x65%-636.57]x\—+——5-+r[(1+20)3(1.20%),(0.9975X4-I000)X65%X10.5-9730.44Q(1+20%)=m௃9௃5ᐗ/m?ஹFᨬ}Ḅᡠᨵᢗᑁᦈ᳛=ᑡ⊤:®0123451ᢗT100-54002⃩ᦈᐭI89L641891.641991.642J¯®1910211910211910.212.2°ᑖ«100010001000238⃩ᡂ101857ᔣ8571018.573¥²ᦈᐭJ7970.564³´µ-8100■54000IR94LM1891.641ᐺ622)!=13%,ᑣᨵ:MX)1891.641891.64FNPV,=FNPV,=-8100--j^y^+0+n(i+13%f(1+13%)'19862.20e-------------r=372.84&ᐔ(1+13%)'mP5P%.=_8K)0-(+஺+*&,.2'*1+14%(1+I4%)3(1+14%)*19862.20~ccr------------=T24.22&ᐔr(1+14%)'FNPV37284F1RR=i+-------------!-----(LT.)=13%+----------:----------(14%-13%)=13.75%“FNPV,+IFNPV,r|11372.844-124.22

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ᦈᐳᵨ¿3¥éäêᡂᵨ²!ë⃩⚜íëîூḄ2ᫀ௃:BïðB40¥åᙢ:ᵨᩗ¥▲B50¥ᑣ·⚗Ḅë⃩=25⚪ë⃩~÷øḄYᙢZᢗfbᫀÇ⌱~B¥஺éKÎᵨḄbcG஺A.37B.40C.43D.50A.ÑÒ¥hcB.×ÒᢗfᑁùᦈT᳛cூḄ2ᫀ௃5BC.óhcD.ÑÒ¥öᵨc=21⚪YᙢZ⚗úil=14%éóhூḄ2ᫀ௃5AB450ªᐗ;úi2=15%éóhB-200ªᐗFᙳfgᡂ=26⚪ýᑡᐵ²YᙢZÿᢗḄ⊤᳛13.2%,ᦈ᳛10%o⚗ḄᑁᦈḄḄ
»᳛஺A.!᳛"ᨵᦔ%ᦈᐭᕈ(ᔣ*+A.20%B.14.31%C.14.69%D.14.80%B.,-"ᱥ/012345ᔠ789:ᐰ᣸◀ூḄ?ᫀ௃BC,rstu⃩wᵨḄyzC22⚪EᖪGḄHIJK100Lᐗᐸ60LC.ᩗᢗ|᳛}~ᕡḼᢗὅḄᢗ◅ᐗᩭPQRST஺STᙠ2023ᑁᢥWXYZ[Wᑭ᳛◅nᙳj47%,⚜^ᖪGC1W_`abἠde3LᐗᎷ᝞D.᪀,ᢗὅḄᩗᢗ|᳛}ὃ⇋ᱥjkᦈᑣC1WḄᢗmn᳛஺EḄ|᳛A.5.00%B.7.50%C.18.36%D.28.85%ூḄ?ᫀAூḄ?ᫀ1CC27⚪ᔜᢗᫀakḄk9ᫀC23⚪pE912023ᐗ/nfḄJKHIq230m2Ḅᖪ◅ᜧᢗᫀ|⌱Ḅ⌕¡⌱¢Ḅᑨ¤Gᵨ¥¦§⃩HIJḄ60%ᩭPQRST஺STᢣ᪗஺ᙠ2023ᑁᢥWXYZ[Wᑭ᳛10%,ªW8ᵨ[A.akB.akk«¬Ḅᢚ®ஹ°├ஹᑭ²ᐳ34LᐗᑣᐸZ´ᜓ«᳛C.ak᪗¶D.ak᪗¶·ᦪ஺ூḄ?ᫀ௃BDA.0.12B.0.21C.1.26D.2.05C28⚪¹ᑡ»ᙢ½ᢗ⚗§¾¿JẠÁᦪ,ூḄ?ᫀ௃BCÃᦈÄᐵᢣ᪗Ḅ

50A.¥¦᳛B.ᦈ᳛ூḄᫀ௃DC.ᡂᑭ²᳛D.ᩨᩚ|᳛34⚪ᙠᑏ,-./0ᑁ᪗3ᓄ56Ḅ7ᵨ9ூḄ?ᫀÉA:ᵫ()<=஺C29⚪EÊ✂ÌÍ⚗ᐳᨵ150ÎÏ»ÐᙳªÎA.>?B.@/AÏ»Ḅ☢Ò40ᡈÔÕÖ☢Ò6800ᙢ᫏ØC.ᱥ>CDEFD.>?ஹ@/Aᱥ>CDEFᐳHÊ✂ḄÙᔠ⌼J3000ᐗ/m2,ªÎÏ»ḄÙᔠᢗ14ூḄᫀ௃ALᐗ஺ᑣᵨᓫᐗÜÝÞ^ÝḄÊ✂ÔᢗLᐗ஺35⚪IᦈKឋᱥ>ḄMᙠN/Oᦈᐭ30Qᐗ,A.1800B.2040C.2100D.2380ᎷUᙠIVWXᑁḄ./᳛80%,ᡠᨵ@/A\]3^ூḄ?ᫀ௃BC_`/Oᱥ>ᐸaᦈᐭ2Qᐗᑣᱥ>ᙠcVWXḄC30⚪ßàT¬ábἠd¥Ḅn⊤ᨵᦔNᦈᐭ()Qᐗ஺஺A.22.0B.24.0C.25.6D.26.0A.ᡠᨵᢗbἠde⊤B.bἠde⊤ூḄᫀ௃DC.àT[«¬ÜÝ⊤D.ᢗ^ᑜ"äå⊤eஹf⚗⌱h⚪(ᐳ15i⚪j⚪2ᑖ஺j⚪Ḅᜓ⌱ூḄ?ᫀ௃BBᫀᨵl"ᡈl"nopᔠ⚪q஺ᡠᨵ⌱Ḅr2ᑖ;┯C31⚪¦æᙠ»ᙢ½⚞èḄ¡ᵨéê⌕⌱ᡈf⌱Ḅurᑖv⌱w⌱hḄḄj"⌱⚗r0.5஺ᑖ஺)A.!ᢗB.ëᜓ¦æ36⚪xᑡ◅z{|ᙢ~ᢗ&◅ḄᨵC.ì`m¦D.ᩗ)஺ூḄ?ᫀÉCA.◅C32⚪ᖪQRÍíîïð»ñòSTóô☢õB.◅Ḅöᵨ◅÷ø஺C.ᑭ᳛◅A.ÌÍᖪùÞ⚜ìB.àTïúû[D.^◅C.àTïüý[TD.»ᙢ½þÿ◤ᜫ⊝E.◅ூḄᫀ௃DூḄᫀ௃A,B,C33⚪ᙠᔠ⚗◅ᑖ37⚪|ᙢ~᪀ᑖ᪆◀⌕ᑖ᪆AAAஹAAஹAஹBBBஹ!"◅ᐸAAA$᪀9:ᑖ᪆()஺%Ḅ◅&ᦪ()஺A.᪀A.50%B.60%C.70%D.80%B.᪀

51C.᫏᪀41⚪|ᙢ~ᑖ᪆¿näå®ᖪ(
oD.ᢗ᪀A.⌱hᔠ〉Ḅ⚗ÕçE./᪀B.èéᢗᔠêëìூḄᫀ௃B,D,EC.δíî◤Ḅ~ïð38⚪|ᙢ~{ᖪḄᱯឋ¡D.ᑨ¥/^ò⌕ᨵ()஺E.óᙢÅᵨᩗ.õö÷A.¢£ឋூḄᫀ௃A,B,CB.ᚘ¥ឋ42⚪®ᖪ|ᙢ~øùᑖ᪆Ḅᑁú9C.᜜§ឋ:ᨵ()஺D.ᙳ⊝ឋA.◤ᑖ᪆E.©ªu«ឋB.¢£ᑖ᪆ூḄᫀ¬B,C,EC.ᓰᨵ᳛ᑖ᪆39⚪|ᙢ~®⚗¯°±ᢥ³´%µ_¶·D.ᢗᦈKᑖ᪆᫏ᫀ✂Ḅ¯°᫏ᫀ%¹º()஺E.ýþÿᑖ᪆A.°»¼½6¾ூḄᫀ௃A.B,CB.¿ឋẆÁVW43⚪ᑡᙢᢗἠC.¯°Âᙢᡂ!Ḅᨵ#$.D.ÃÄÅᵨÆǾA.&'(ᢝᨵ(*(+E.¯°Èᦈᜓᫀ⊤B.&'(,-ᦋ⌼(+ூḄᫀ௃C,EC.&'(,-ᦋ⌼(*(+40⚪ÊᵨËÌ´ÍδḄÏÐᨵD.01(├+()஺E.01(ᢝᨵ(*(+A.®ᖪᜐᙠ⚞ÓὅᙢÕூḄᫀ3D,EB.®ᖪÖn×Øᡂ44⚪ᢗ45᳛7!89ᑭ;᳛Ḅ<=>⌕C.®ᖪḄᱥ>¼Ú⚞ÓὅḄᱥ>¼$ÛᙠABὅὃ⇋F#$஺D.®ᖪᡭØÚHÝᐳᜐA.ᱥIJᦈLE.®ᖪᐹᨵᔣ⚞ÓὅᢧᡊḄâãB.ᡠNOூḄᫀ௃B,DC.P!QRS

52D.ᢗὅᩗLIVJC.§n⌮ឋE.ᩗLᢗD.nªcឋூḄᫀWA,DE.§n«,ឋ45⚪ᑡᐵAᔠA.◅Ḅᑖ᪆E.Áᔠ¼B.◅1Ḅᭆ᳛ᜧᑖ᪆ூḄᫀ௃A,CC.◅50⚪ᱥÂÃÄḄWᑁ#$஺D.◅dḄᐵឋᑖ᪆A.ÅÆÇᳮÉḄE.◅ᭆ᳛ᑖᑖ᪆B.ᑴÊËÌÍ`ᫀூḄᫀWB,EC.ᑴÎᐰÐÑ`ᫀ47⚪ᱥcᩗ`¡nq|ᵨAᙢᢗ¢£D.Ò⚜Ó>⌕]ᵫAᙢᢗᐹᨵ#$஺E.ᱥÂÔḄᦈÔ᪗ÖA.n⚜¦ឋூḄᫀ×A,B,C,DB.§n¨ឋØஹᑨÛ⚪#ᐳ15⚪Ý⚪1ᑖ஺Þ᪷àᑨÛáâ

53lmnoḄᢣ᪗஺51⚪ᐹᨵãäåæJḄᙢᐸᢗæJூ!Ḅ"ᫀ௃@Xèé=஺#$$60⚪rstuv3ᢣwᩭyzḄ{ᯠ}᝱3ூḄᫀ௃Yᔲabnsᐸabᭆ᳛wḄuv஺52⚪ᙢᢗ·ᡲ»8ëἠḄᦈLìíîAூ!Ḅ"ᫀ௃@«(ïëἠḄᦈLðññᡂrᜧ¼ò᪀ᢗὅôoᢗ$61⚪ᨬ[\⚜[\<ᙢḄ>⌕Wᐹ஺#$ᜧCᙢf⚗ᢙ()◅Ḅno஺ூḄᫀ௃xூ!Ḅ"ᫀ௃@x53⚪dæõឋ]ᢣ÷iøḄᙢù᧕d7û$62⚪Ạ3ᢣBᑁ.¡¢iøḄᙢæüaz஺#$ᝅḄᔜ¤¥⃩ᑭឋḄ¨ᐳ¢ᝅḄᵨ஺ூḄᫀWx54⚪01ᖪᙠ⌱þᙢÿ
᪀⌕ὃூ!Ḅ"ᫀ௃@xᐸᳮḄᡂ᳛⌕ὃᐸᳮ⚗Ḅᙳ├$63⚪⚜ᦈᐭ*+¬.Cᙢfga⚗Ḅᕜ஺Uᩭ®஺ூ!Ḅ"ᫀ1Tூ!Ḅ"ᫀ௃@4$55⚪᦮'()*+,ᑖ./01()2⌕$64⚪¯°3ᩗ²³3´µ³U³¶O3ᵫ567◤9:ᙠ<=ឋ஺·⌕¸¹⚗Ḅᢗ◅஺ூ!Ḅ"ᫀ௃@ீூ!Ḅ"ᫀ௃@x$56⚪ABCDEFGHᵨJKLMNOP$65⚪ᦈ²ឋᱥ¼*+½¾ḄᨬᜧUᦈᐭ¿.GᔜGKRᒹTḄLUVJ஺ᨵᦔÂᦈᐭ஺ூ!Ḅ"ᫀ1xூ!Ḅ"ᫀ௃@x$57⚪W⌕ᖪYBZḄ[\]^_`abcÃஹÅÆ⚪Ç2È⚪20ᑖ஺Ésᑡ¶ÆPஹÅÆËFᓻ
஺Ì◤ᢥ¨PÅÆḄ⌕ᑏ¶¨PᨵÅÆÏÐѯÅூ!Ḅ"ᫀ௃@xÆËÌḄÒᑖ$58⚪Cᙢfga⚗ḄhgaᡂLRijT$66⚪ÓÔ+12023ᐗ/m2Ḅ[\Ö×Ø10Ú├kU஺☢Üᙳ.80rtfḄᖪÝ஺ÖCGḄ60%ᩭ{ÞßàÇḄ2023ூ!Ḅ"ᫀ17ஹáᑭ᳛.7.5âᢥáJKLMNḄDEFGᐸã$59⚪äGmåᢗæᦈ·3ç[ᢗ⚗.{ᨵU஺è᜜ÓÔᙠÖCêMØV¿5ÖCG

546k1.5%Ḅᳮjᐸïᵨ5$2áñòᢗᐭ{ᨵU40^⃩õᐗ!ᖪÝößØ÷øùúᳮØfᩗûᙠúûêᡂ`yἠMØV¿5ÖCG0.3%Ḅýþå3%Ḅ᜿஺Ḅ⃩{|ᑜ:310ᖪᡠᨵ;202313000ூὃ᪆௃Kᐗ/nfḄ!"ᓬᣵᐸ&2ᖪ'ᐸ(Ḅᖪ)*;1611~202315000ᐗ/nfḄ!",ᓬᣵᐸ&3ᖪ'ᐸ(Ḅ0123A91015201419ᖪ)*;2023ᒕ(Ḅᖪ16000ᐗ/nfḄ!y"ᡠᨵᓬᣵ/01ᓬ23ᙳ56789:;!5.5%Ḅ├;ἠ{@ஹ0.3%ḄB*CD1%ḄEFᡠGH஺ᎷJKᙠ᦮Eᐭ⃩N'ᖪḄ@Oᢝ200ᐗ//ᨴ/ᢥST☢VHbWX'YZDᦈ\ᜫW'^⃩ᡂ`ab@ᦈᐭḄ153.192192153.69696@625%;d2ᢗfghᙠ1'0Ḅ@:ᦈi'ᦈᐭ^⃩ᡂ`Dj`6k5ᙳghᙠlmnḄoᨵf@ᢗfpḄᦈq᳛a14%஺193.8335.5596.4;628/Duvwᑡoᨵf@yἠ{|⊤~ᑏ8Ḅᦈᐭ஺yἠ/2Hᑡoᨵf@Ḅ~ᐭ8ᦪ{/WmnH஺/10ᑖHdoᨵf@yἠ{|⊤/ᓫKᐗH2ஹ3A11-16A01210152091419398.71.6yἠ{48ᐭb@ᦈᐭᢗᐭ;ᦈᐭjyἠ{83.983.983.9`83.922226d2ஹkᢗ^484838.438.42424ᐭ⃩j`

551H.d2¡K1.2ᐗ¢2>10x80m2=960'ᐗ|2
ᨵQRS960'ᐗx40%=384'ᐗ3
QRTᳮVN960'ᐗx15%=144'ᐗ4
WXYSZ10Z[\576'ᐗ“5%+[1-1+7.5%
.]=8392'ᐗ5
CᵨCK960ᐗx3.39b+40'ᐗ=7168'ᐗ6
^_ᦈᐭa3Zbca10Zb200ᐗdm2-ᨴ\x800m2x12ᨴ=192'ᐗa11Zbca15Zb200ᐗdm?■ᨴ\xbdOrrPxlZᨴ=153.6'ᐗa16Zbca20Zb200ᐗdm2'ᨴ>400m2*12ᨴ=96'ᐗ7
^⃩ᡂ`K3~10K192ᐗx25%=48'ᐗ11~15K153.6ᐗx25%=384'ᐗ16~20K96ᐗx25%=24'ᐗ8
;ᦈᐭK10K1.3ᐗ/m2x2x80%x1-68%
=19386'ᐗ15K1.5ᐗ¢2*3x80%X1-68%
=33552'ᐗa20Zg1.6'ᐗ/m2x5x80%x/1-6.8%
=59648'ᐗ2
ᨵ!"MPV=3984'ᐗ+[>83.92'ᐗ//1+14%
]+[364'ᐗ//1+14%
2]+[6008'ᐗi4%஺+14%
k{1-[1/C1+14%
7]}+[215.54'ᐗ//1+14%
10]+H15.2'ᐗ/஺+14%
ᔩ{1-1//1+14%
4]}+[39312'ᐗ//1+14%
m+[72'ᐗ/14%/1+14%
15]{1-[1/1+14%
4]}+[57248'ᐗ//1+14%
2஺]67⚪¦gᖪ3000ᐗdG§¨©ᵨᙢ70ᝅJ¬SJCa430ᐗ'¦gNCᢥST☢V,Ḅ®ᵨᩗ'°¨©ᵨᙢ☢Va3000m2,mᑜ±V᳛a5.5஺a114ᐗ²³´ᳮCᵨa¶·Cᵨ/¸ᙢCᵨ◀᜜H»DḄ¼'°¨©¦g⚗pḄS¾¿Ca2200ᐗ/nf,ÀÁ3.5%஺⚜¨©ᙠ⚗pSᡂ3ᡠᨵ;'├;Cᵨஹ├;JDÃN¿CaS¾¿CḄ3%,ÄẠJ¬DᐳÇ@ᑖÈa├;ᦈᐭḄ3%D5.5%஺⚗p¦gNa2,

56S⌼Na1.5஺¸ᙢCᵨ:¦gN§1ឋᢗᐭ'¦gNḄᨬÖ├;!"஺C:S⌼N§1ឋᢗᐭ'S¾¿CஹÀÁJD2
Ò°⚗pḄ├;!"a8000ᐗ/nf,Ô°⚗pO`ÃN¿CஹÄẠJ¬DᐳÇᝅJ¬SJCஹ´ᳮCᵨḄᨬÖ├;|஺ᙠS⌼Nᑁᙳᒴᢗᐭ஺Í¡ᑭ᳛a7.7%,ᢥÏk஺W×ᫀ᪆Kὃ⇋¸ᙢÑ஺1.J⚗pḄᨬÖ;!"aXᐗ'ᑣ⚗p¦g!1
Ò¦gᖪmnḄÃᡂ`ᑭÓ᳛a30%,Ô°⚗pGDV=Xl-5.5%
⚗opq☢s3000m2x5.5=165..m2d1H⚗otuvᡂTDC1HxᙢVᵨdxᙢz?ᡂ\3000'ᐗ2Hp{|}V2200ᐗ/m2X16500m2=3630'ᐗ3H~|}V3630'ᐗX3%=108.9'ᐗ4HẠ<ᐳᝅpV430'ᐗ5HuvV114ᐗ/m2X16500m2=188.1'ᐗ6HᳮVᵨ/3630+108.9+430+188.1'ᐗX3.5%=152.50'ᐗ7H!VᵨaxᙢVᵨḄᑭ3000'ᐗX[
1+7.7%\=494.35'ᐗbuvVḄᑭ188.1'ᐗX1
1+7.7%"-1]=210.90'ᐗcp{|}Vஹ~|}VஹẠ<ᐳᝅpVஹᳮVᵨḄᑭ:/3630+108.9+152.5H'ᐗX[
1+7.7%\mi]=254.40'ᐗd!Vᵨt494.35'ᐗ+210.90'ᐗ+254.40'ᐗ=959.65'ᐗ8H├Vᵨ3.5%X9H⚗ouvᡂ3000'ᐗ+3630'ᐗ+108.9'ᐗ+430'ᐗ+188.1'ᐗ+152.50'ᐗ+959.65'ᐗ+3.5%X'ᐗ=8469.15'ᐗ+3.5%X'ᐗ/2Hᡂᑭ30%,ᓽ/0.91X-8469.15H'ᐗ/
8469.15+3.5%XH'ᐗX100%=30%ᑣX=12240.02'ᐗ2.°⚗pO`ḄᨬÖ├;aXÚÛÜ'᪷RPC=(GDV-TDC)/TDCx100%,ÞG30%=8000X(l-5.5%)/(8469.15+3.5%x8000X)-l,X=1.53ÚÛÜ

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68ஹ⚪(ߟ)i=3%/12=0.25%,n=5X12=60,s=0.5%,41=12000ᐗ50%=6000ᐗ5%=1000ᐗ.1(1)F[=P](1+i)"=500000ᐗX(19.25%)60=580808.39ᐗ(2)F„=P(1+i)cc.On=A/(l-s){l-[(1+s)/(1+1)]n}(1+1)t=6000ᐗ/(0.25%-0.5%)X{l-[(1᪀.5%)/(1+0.25%)]60}X(140.25%)60=449360.09ᐗ(3)F?=%[(1+i)JMl/i(ᡈὅF3=A2/i[l-l/(1+i)n](1+i)n)=10007EX[(1-+O.25%)60-l]/0.25%=64646.71ᐗ(4)1F1+F2+F3=(580808.39+449360.09-^4646.71)ᐗ=1094815.20ᐗ(5)£Q¤Rt¥1094815.20ᐗ/50%=2189630.40ᐗ(6)£Q¤Rᓫ¥2189630.40ᐗ/120111'=18246.92ᐗ/11§2(1)P]=50'ᐗ(2)P=AI/(i-s){1-[(1+s)/(1+i)]n)7£Q¤Rᓫ¥2189630.42ᐗ/120nf=l8246.922ᐗ/m*=6000ᐗ/(0.25%-05%)x{l-[(1+0.5%)/(1+0.25%).}=386840.23ᐗd«\1.¬ᑴ®ἠ⊤(3)P3=A/i[l-l/<1+i)n]=l000ᐗ10.25%x[l-l/21ᵬ²ᫀḄ®ἠ´µ⊤஺(1+0.25%)m=55652.36ᐗ®ἠ⊤dᓫ¶'ᐗ\(4)P=P|+P2+P3=(500000+386840.23+55652.36)ᐗ⚗w'!501561011-151619=942492.59ᐗ}ἠᐭ=L0150157.50165.38173.65(5)5Z©Ḅª"F=P(1+i)n=942492.59ᐗx}ἠ<30082.2184.0941.3543.41Æᡂ.300(1+0.25%)1094815.21ᐗ!U⃩Wᵨ37.5039.3841.3543.41!-./44.7144.71(6)£Q¤Rt¥1094815.21ᐗ/50%=2189630.42È}ἠ-30067.7973.41124.03130.24ᐗZA=Pi(l+i)n/[(l+i)n-l]=300x8%x(1+8%)10/[(1+8%)10-IJ=44.71'ᐗ

69(2)\ᫀḄd.L}ἠÊË⊤஺(3)ÌÍ(\-ᵬ),ᑁᦈx᳛d.L}ἠ⊤ᓫΕᐗáii=16%⚗w'!501A56A1011A1516A19NPVi={-100+17.21/16%x[l-l/(1+16%)}ἠᐭ(=L)0120120190190}ἠ<40082.213535355]+11.59/16%x[l-l/(1+16%)5]xl/(1+16%)Æᡂ.4005+30.97/16%x[l-l/(1+16%)5]xl/(1+16%)!U⃩Wᵨ!-./35353535l0+2476/16%x[l-l/(1+16070)4]x1/9(1+15%)15}ᐗ=488È}ἠ-4008585155155ᐗ2.ᵨ,ᢗdᑁᦈx᳛ÐÑᫀ⌱á12=17%(1)ÑᓫRᫀNPVi={-100+17.21/17%x[l-l/(1+17%)NPVᵬ={-300+67.79/15%x[l-l/(1+15%)5]+11.59/17%x[l-ll(1+17%)5]xll(1+17%)5]+73.41/15%x[l-l/(1+15%)5]xl/(1+15%)55+30.97/17%x[l-l/(1+17%)]xl/(1+17%)5+12403/15%x[l-l/(1+15%)5]x|/(1+15%)l04+24.76/17%x[l-l/(1+17%)]xl/(1+15%)Ôᐗ=9.9710+13024/15%x[l-l/(1+15%)4]xl/(1+15%)Ôᐗ=ᐗ(-300+227.24+122.35+102.77+45.70)ᐗ=19806ᐗFIRR=16%+488/(4.88+097)xl%=16.83%ᵫeNPVÖ×0,ᡠmᵬᫀ;஺ᵫeFIRR=1683%>15%,ᡠm\ᫀeᵬᫀ஺NPV,={-400+85/15%x[l-l/(l+15%)lo]+155/15%x[l-l/z᪆(1+15%)9]xl/(1+15%)i஺}ᐗ=(-400+426.60+182.82)Rஹᓫ⚗⌱
⚪ᐗ=209.4ᐗ1.ä&ᢗddLᕜtæçឋèé◅ëìí஺ᵫeNPV\×0,ᡠm\ᫀ;஺4.B⌱⚗ᢗdὅ⌕ᑮðñòᦔôḄkᩩö÷ᔜᢗd(2)ᵨ,ᢗdᑁᦈxÑᫀ⌱⚗wùᨵRoòH஺ᨬñòḄ÷RoûìḄòH,ᵫe\ᫀᢗdÚeᵬᫀᵫ\ᫀÛÜᵬᫀÝüýoᩩöþÿᡂ஺ᑮḄ}ἠ⊤᝞à஺5.☢Ḅ☢⚗w'!501A56A1011A1516A19\/ᐗ-10()8585155155ᐭḄ☢ᙠឮᵬ/ᐗ0067.7973.41124.03130.21Ḅ☢஺(\Rᵬ)/-10017.2111.5930.9724.76ᐗ

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