1,鏌愪紒妤�(y猫)璩�(g貌u)鍏ュ湅(gu贸)鍌�2500鎵�锛屾瘡鎵嬮潰鍊�1000鍏�锛岃卜鍏ュ児(ji脿)鏍�1008鍏�锛岃┎鍦�(gu贸)鍌垫湡闄愮偤5骞�锛屽勾鍒╃巼鐐�6.5%锛堝柈鍒╋級锛屽墖鍒版湡浼佹キ(y猫)鍙嵅寰楁湰鍒╁拰鍏辩偤澶氬皯鍏�锛�  
绛旓細F =P锛�1+i脳n锛�
=2500脳1000脳锛�1+6.5%脳5锛�
      =2500000脳1.3250= 3312500锛堝厓锛�
2锛屾煇鍌靛埜閭勬湁3骞村埌鏈燂紝鍒版湡鐨勬湰鍒╁拰鐐�153.76鍏�锛岃┎鍌靛埜鐨勫勾鍒╃巼鐐�8%锛堝柈鍒╋級锛屽墖鐩墠鐨勫児(ji脿)鏍肩偤澶氬皯鍏�锛�
绛旓細P = F/锛�1+ i n锛�
=153.76 / 锛�1+8%脳3锛�
=153.76 / 1.24=124锛堝厓锛�
3锛屼紒妤�(y猫)鎶曡硣鏌愬熀閲戦爡(xi脿ng)鐩�锛屾姇鍏ラ噾椤嶇偤1锛�280锛�000鍏冿紝瑭插熀閲戦爡(xi脿ng)鐩殑鎶曡硣骞存敹鐩婄巼鐐�12%锛屾姇璩囩殑骞撮檺鐐�8骞达紝濡傛灉浼佹キ(y猫)涓€娆℃€у湪鏈€鍚庝竴骞存敹鍥炴姇璩囬鍙婃敹鐩�锛屽墖浼佹キ(y猫)鐨勬渶绲傚彲鏀跺洖澶氬皯璩囬噾锛�
绛旓細F =P锛團/P锛宨,n锛�
=1280000脳锛團/P,12%,8锛�
=1280000脳2.4760=3169280 锛� 鍏冿級
4锛屾煇浼佹キ(y猫)闇€瑕佸湪4骞村悗鏈�1锛�500锛�000鍏冪殑鐝�(xi脿n)閲�锛岀従(xi脿n)鍦ㄦ湁鏌愭姇璩囧熀閲戠殑骞存敹鐩婄巼鐐�18%锛屽鏋�锛岀従(xi脿n)鍦ㄤ紒妤�(y猫)鎶曡硣瑭插熀閲戞噳(y墨ng)鎶曞叆澶氬皯鍏�锛�
绛旓細P =F脳锛圥/F锛宨 ,n锛�
=1500000脳锛圥/F,18%,4锛�
=1500000脳0.5158=773700锛堝厓锛�
5锛屾煇浜哄弮鍔犱繚闅�(xi菐n)锛屾瘡骞存姇淇濋噾椤嶇偤2锛�400鍏�锛屾姇淇濆勾闄愮偤25骞�锛屽墖鍦ㄦ姇淇濇敹鐩婄巼鐐�8%鐨勬浠朵笅锛岋紙1锛夊鏋滄瘡骞村勾鏈敮浠樹繚闅�(xi菐n)閲�25骞村悗鍙緱鍒板灏戠従(xi脿n)閲�锛燂紙2锛夊鏋滄瘡骞村勾鍒濇敮浠樹繚闅�(xi菐n)閲�25骞村悗鍙緱鍒板灏戠従(xi脿n)閲�锛�
绛旓細锛�1锛塅 =A脳锛團/A锛宨 ,n锛�
=2400脳锛� F/A, 8%, 25锛�
=2400脳73.106=175454.40锛堝厓锛�
  锛�2锛塅 =A脳[锛團/A锛宨 ,n+1锛�-1]
=2400脳[锛團/A锛�8%锛�25+1锛�-1]
=2400脳锛�79.954-1锛�=189489.60锛堝厓锛�
6锛屼紒妤�(y猫)鍚戠璩冨叕鍙歌瀺璩囩鍏ヨō(sh猫)鍌欎竴鑷�(t谩i)锛岀璩冩湡闄愮偤8骞�锛岃┎瑷�(sh猫)鍌欑殑璨峰児(ji脿)鐐�320锛�000鍏�锛岀璩冨叕鍙哥殑缍滃悎鐜囩偤16%锛屽墖浼佹キ(y猫)鍦ㄦ瘡骞寸殑骞存湯绛夐鏀粯鐨勭閲戠偤澶氬皯锛熷鏋滀紒妤�(y猫)鍦ㄦ瘡骞寸殑骞村垵鏀粯绉熼噾鏈夌偤澶氬皯锛�
绛旓細锛�1锛夋瘡骞村勾鏈敮浠樼閲�=P脳[1/锛圥/A 锛�16%锛�8锛塢
=320000脳[1 /锛� P/A锛�16%锛�8锛塢
=320000脳[ 1 / 4.3436]=73671.61锛堝厓锛�
锛�2锛� 姣忓勾骞村垵鏀粯绉熼噾=P 脳[1/锛圥/A锛宨 ,n-1锛�+1]
=320000脳[1/锛圥/A ,16%,8-1锛�+1]
=320000脳[1/锛�4.0386+1锛塢=63509.71锛堝厓锛�
7锛屾煇浜鸿臣(g貌u)璨峰晢鍝佹埧锛屾湁涓夌ó浠樻鏂瑰紡銆侫锛氭瘡骞村勾鍒濇敮浠樿臣(g貌u)鎴挎80锛�000鍏�锛岄€ｇ簩(x霉)鏀粯8骞�銆侭锛氬緸绗笁骞寸殑骞撮枊濮�锛屽湪姣忓勾鐨勫勾鏈敮浠樻埧娆�132锛�000鍏冿紝閫ｇ簩(x霉)鏀粯5骞�銆侰锛氱従(xi脿n)鍦ㄦ敮浠樻埧娆�100锛�000鍏�锛屼互鍚庡湪姣忓勾骞存湯鏀粯鎴挎90锛�000鍏�锛岄€ｇ簩(x霉)鏀粯6骞�銆傚湪甯傚牬(ch菐ng)璩囬噾鏀剁泭鐜囩偤14%鐨勬浠朵笅锛屾噳(y墨ng)瑭查伕鎿囦綍绋粯娆炬柟寮�锛�
绛旓細A浠樻鏂瑰紡锛歅 =80000脳[锛圥/A锛�14%锛�8-1锛�+ 1 ]
              =80000脳[ 4.2882 + 1 ]=423056锛堝厓锛�
    B浠樻鏂瑰紡锛歅 = 132000脳[锛圥/A锛�14% 锛�7锛夆€� 锛圥/A锛�14%锛�2锛塢
              =132000脳[4.2882?1.6467]=348678锛堝厓锛�
    C浠樻鏂瑰紡锛歅 =100000 + 90000脳锛圥/A锛�14%锛�6锛�
=100000 + 90000脳3.888=449983 锛堝厓锛�
    鎳�(y墨ng)閬告搰B浠樻鏂瑰紡銆�
8锛屾煇鎶曡硣闋�(xi脿ng)鐩瘡骞存湁2钀厓鐨勬姇璩囨敹鐩�,鎶曡硣鏈熼檺鐐�10骞�,鏈€鍚庝竴骞翠竴娆″洖鏀惰硣閲�36钀厓,鍓囪┎鎶曡硣闋�(xi脿ng)鐩殑鍥炲牨(b脿o)鐜囩偤澶氬皯?
绛�: F/A=36/2=18 鐢ㄥ収(n猫i)鎻掓硶瑷�(j矛)绠�,鍒楀嚭绛夋瘮渚嬪紡:
  锛坕-12%锛�/锛�18-17.549锛�=锛�14%-12%锛�/锛�19.337-17.549锛�
  i=12.50%
9,鏌愭姇璩囬爡(xi脿ng)鐩洰鍓嶆姇鍏ヨ硣閲�20钀厓锛屾瘡骞存湁4钀厓鐨勬姇璩囨敹鐩婏紝鎶曡硣骞撮檺鐐�8骞�锛屽墖瑭查爡(xi脿ng)鐩殑鎶曡硣鍫�(b脿o)閰巼鐐哄灏�锛�
绛旓細 P/A=20/4=5 鐢ㄥ収(n猫i)鎻掓硶瑷�(j矛)绠�,鍒楀嚭绛夋瘮渚嬪紡:
  锛坕-10%锛�/锛�5-5.3349锛�=锛�12%-10%锛�/锛�4.9676-5.3349锛�
  i=11.82%
10,鏌愭姇璩囬爡(xi脿ng)鐩瘡骞存湁10钀厓鐨勬姇璩囨敹鐩�,鍦ㄦ姇璩囨敹鐩婄巼鍦�10%鐨勬浠朵笅,浼佹キ(y猫)甯屾湜鏈€鍚庝竴娆″洖鏀惰硣閲�100钀厓,鍓囪┎鎶曡硣闋�(xi脿ng)鐩姇璩囧勾闄愪笉寰楀皯浜庡灏戝勾?
绛�: F/A=100/10=10 鐢ㄥ収(n猫i)鎻掓硶瑷�(j矛)绠�,鍒楀嚭绛夋瘮渚嬪紡:
  锛坣-7锛�/锛�10-9.4872锛�=锛�8-7锛�/锛�11.436-9.4872锛�
  n=7.26锛堝勾锛�
11,鏌愭姇璩囬爡(xi脿ng)鐩洰鍓嶆姇璩�40钀厓,瑷�(j矛)鍔冩瘡骞存湁8钀厓鐨勬敹鐩�,鍦ㄨ硣閲戞垚鏈巼鐐�8%鐨勬浠朵笅,鎶曡硣鍥炴敹鏈熺偤澶氬皯骞�?
绛�: P/A=40/8=5 鐢ㄥ収(n猫i)鎻掓硶瑷�(j矛)绠�,鍒楀嚭绛夋瘮渚嬪紡:
  锛坣-6锛�/锛�5-4.6229锛�=锛�7-6锛�/锛�5.2064-4.6229锛�
  n=6.65锛堝勾锛�
12锛屼紒妤�(y猫)婧�(zh菙n)鍌欐姇璩囨煇闋�(xi脿ng)鐩�锛岃▓(j矛)鍔冮爡(xi脿ng)鐩稉(j墨ng)鐕�(y铆ng)浜斿勾锛岄爯(y霉)瑷�(j矛)姣忓勾鍒嗗垾鍙嵅寰楁姇璩囨敹鐩婄偤200锛�000鍏冦€�250锛�000鍏�銆�300锛�000鍏冦€�280锛�000鍏冦€�260锛�000鍏�銆佸湪淇濊瓑闋�(xi脿ng)鐩殑鎶曡硣鏀剁泭鐜囩偤12%鐨勬浠朵笅锛屼紒妤�(y猫)鐩墠鎶曡硣椤嶆噳(y墨ng)鍦ㄥ灏戝厓涔嬪収(n猫i)锛�
绛�: P =200000脳锛圥/F锛�12%锛�1锛�+250000脳锛圥/F锛�12%锛�2锛�
+300000脳锛圥/F锛�12%锛�3锛�+280000脳锛圥/F锛�12%锛�4锛�
+260000脳锛圥/F锛�12%锛�5锛�
=200000脳0.8929+25000000脳0.7972+300000脳0.7118
+280000脳0.6355+260000脳0.5674=916884锛堝厓锛�
13锛屾煇鎶曡硣闋�(xi脿ng)鐩�锛岄爡(xi脿ng)鐩殑鎶曡硣鏀剁泭鐜囩偤14%锛屽钩鍧囨瘡骞村彲鐛插緱400000鍏冪殑鎶曡硣鏀剁泭锛屽氨涓嬪垪姊濅欢瑷�(j矛)绠楀墖闋�(xi脿ng)鐩殑鐩墠鎶曡硣椤嶆噳(y墨ng)鎺у埗鍦ㄥ灏戝厓鍏�(n猫i)锛燂紙1锛夌劇寤鸿ō(sh猫)鏈�,缍�(j墨ng)鐕�(y铆ng)鏈�8骞达紙2锛夌劇寤鸿ō(sh猫)鏈�,缍�(j墨ng)鐕�(y铆ng)鏈�8骞�,鏈€鍚庝竴骞村彟鏈�250000鍏冪殑鍥炴敹椤嶏紙3锛夊缓瑷�(sh猫)鏈�2骞�,缍�(j墨ng)鐕�(y铆ng)鏈�8骞达紙4锛夊缓瑷�(sh猫)鏈�2骞�,缍�(j墨ng)鐕�(y铆ng)鏈�8骞�,鏈€鍚庝竴骞村彟鏈夊洖鏀堕250000鍏�
绛�: 锛�1锛塒 =400000脳锛圥/A,14%,8锛�
      =400000脳4.6389 =1855560 锛堝厓锛�
锛�2锛塒 =400000脳锛圥/A,14%,8锛�+250000脳锛圥/F,14%,8锛�
=400000脳4.6389+250000脳0.3506=1943210锛堝厓锛�
锛�3锛塒 =400000脳[锛圥/A,14%,10锛�-锛圥/A,14%,2锛塢
=400000脳锛�5.2161-1.6467锛�=1427760锛堝厓锛�
  锛�4锛塒 =400000脳[锛圥/A,14% ,10锛�-锛圥/A,14% , 2 锛塢+250000脳锛圥/F ,14% ,10 锛�
=400000脳锛�5.2161-1.6467锛�+250000脳0.2697=1495185锛堝厓锛�
14锛屼紒妤�(y猫)鍚戦妧琛屽€熷叆涓€绛嗘闋�(xi脿ng)480锛�000鍏�锛屾湡闄�2骞达紝骞村埄鐜囩偤8%锛屼絾閵€琛岃姹傛瘡瀛ｅ京(f霉)鍒╀竴娆�锛屽墖浼佹キ(y猫)瑭茬瓎鍊熸鐨勫(sh铆)闅涘埄鐜囩偤澶氬皯锛�2骞村悗鐨勬湰鍒╁拰鐐哄灏�锛�
绛�: 瀵�(sh铆)闅涘埄鐜�=锛�1+8%/4锛�4-1=8.24%
鏈埄鍜�=480000脳锛�1+8%/4锛�4脳2 =562416锛堝厓锛�
15锛岀洰鍓嶅競鍫�(ch菐ng)鏄湁35%鐨勫彲鑳界偤鑹ソ锛�45%鐨勫彲鑳界偤涓€鑸�锛�20%鐨勫彲鑳界偤杓冨樊銆備紒妤�(y猫)闈㈣嚚鍏╁€�(g猫)鎶曡硣鏂规鐨勯伕鎿�锛岀敳鏂规鍦ㄥ競鍫�(ch菐ng)鐙€娉佽壇濂�銆佷竴鑸拰杓冨樊鐨勬儏娉佷笅鍒嗗垾鏈�120钀厓銆�60钀厓鍜�-20钀厓鐨勬姇璩囨敹鐩�锛涗箼鏂规鍦ㄥ競鍫�(ch菐ng)鐙€娉佽壇濂姐€佷竴鑸拰杓冨樊鐨勬儏娉佷笅鍒嗗垾鏈�100钀厓銆�65钀厓鍜�-15钀厓鐨勬姇璩囨敹鐩�銆傜敤棰�(f膿ng)闅�(xi菐n)鏀剁泭鍧囪　鍘熷墖姹虹瓥浼佹キ(y猫)瑭查伕鎿囧拰浣曠ó鎶曡硣鏂规銆�
绛旓細鐢叉姇璩囨柟妗�:
鏈熸湜鍊�=120脳35%+60脳45%+锛�-20锛壝�20%=65锛堣惉鍏冿級
鏂瑰樊 =锛�120?65锛�2 脳35%+锛�60-65锛�2 脳45% +锛�-20?65锛�2脳20%=2515锛堣惉鍏冿級
妯�(bi膩o)婧�(zh菙n)闆㈠樊=锛�2515锛�1/2= 50.15 锛堣惉鍏冿級
妯�(bi膩o)婧�(zh菙n)闆㈠樊鐜�= 2515 / 65=0.77
涔欐姇璩囨柟妗堬細
鏈熸湜鍊�= 100脳35%+65脳45%+锛�-15锛壝�20%=61.25锛堣惉鍏冿級
鏂瑰樊=锛�100- 61.25 锛�2 脳35%+锛�65-61.25锛�2 脳45%+锛�-15-61.25锛�2 脳 20%
    =1694.69锛堣惉鍏冿級
妯�(bi膩o)婧�(zh菙n)闆㈠樊=锛� 1694.69锛�1/2 = 41.17锛堣惉鍏冿級
妯�(bi膩o)婧�(zh菙n)闆㈠樊鐜�=41.17/61.25 = 0.67
姹虹瓥锛氬湪鍏╁€�(g猫)鎶曡硣鏂规鐨勬湡鏈涘€间笉鐩稿悓鐨勬儏娉佷笅锛岀敳鏂规鐨勬(bi膩o)婧�(zh菙n)闆㈠樊鐜囧ぇ锛屾姇璩囬ⅷ(f膿ng)闅�(xi菐n)澶э紝涔欐柟妗堟(bi膩o)婧�(zh菙n)闆㈠樊鐜囧皬锛岄ⅷ(f膿ng)闅�(xi菐n)灏�锛屽彲閬哥敤涔欐姇璩囨柟妗堛€�
锛堢敳锛�65钀厓 50.15钀厓 0.77 涔欙細61.75钀厓 41.17钀厓 0.6721锛�
16锛屾煇浼佹キ(y猫)2002骞寸殑閵峰敭鏀跺叆鐐�4锛�000锛�000鍏�锛屽噲鍒╂饯(r霉n)鐐�480锛�000鍏冿紝鍚戞姇璩囪€呭垎閰嶈偂鍒�288锛�000鍏冿紝骞存湯璩囩敘(ch菐n)璨�(f霉)鍌佃〃锛堟憳瑕侊級濡備笅锛�
璩囩敘(ch菐n)璨�(f霉)鍌佃〃
  璩囩敘(ch菐n)             璨�(f霉)鍌靛強鎵€鏈夎€呮瑠(qu谩n)鐩�
  鐝�(xi脿n)閲戝瓨娆�   160锛�000   鐭湡鍊熸   110锛�000
  鎳�(y墨ng)鏀跺赋娆�   320锛�000   鎳�(y墨ng)浠樺赋娆�   240锛�000
  瀛�   璨�   480锛�000   鎳�(y墨ng)浠樼エ鎿�(j霉)   160锛�000
  寰呮敜璨�(f猫i)鐢�   120锛�000   鎳�(y墨ng)浠樿不(f猫i)鐢�   120锛�000
  鍥哄畾璩囩敘(ch菐n)   850锛�000   闀�(zh菐ng)鏈熻矤(f霉)鍌�   202锛�000
  鐒″舰璩囩敘(ch菐n)   150锛�000   鑲℃澅娆�(qu谩n)鐩� 1248锛�000
  绺�   椤� 2080锛�000   绺�   椤� 2080锛�000
鍏徃瑷�(j矛)鍔�2003骞村(sh铆)鐝�(xi脿n)閵峰敭鏀跺叆4锛�800锛�000鍏�锛岄姺鍞噲鍒╃巼鑸囪偂鍒╃櫦(f膩)鏀剧巼淇濇寔涓嶈畩銆傚氨涓嬪垪鍙兘鐨勪簨闋�(xi脿ng)鍒嗗垾闋�(y霉)娓�(c猫)鍏徃2000骞村皪(du矛)澶栬硣閲戦渶姹傞噺锛�
锛�1锛�锛屽叕鍙告矑鏈夊墿浣欑敓鐢�(ch菐n)鑳藉姏锛岀暥(d膩ng)骞存湁鍥哄畾璩囩敘(ch菐n)鎶樿垔86锛�000鍏�锛屾柊澧為浂鏄熼枊鏀�24锛�000鍏�銆�
灏�(du矛)澶栬硣閲戦渶姹傞噺=锛�480?400锛壝梉锛�16 + 32+48+85锛�-锛�24+16+12锛塢 / 400 -480脳锛�48/400锛壝楋紙1?28.8/48锛�-8.6 + 2.4=-3.44锛堣惉鍏冿級
锛�2锛�锛屽叕鍙稿皻鏈夊墿浣欑敓鐢�(ch菐n)鑳藉姏锛岀暥(d膩ng)骞存湁鍥哄畾璩囩敘(ch菐n)鎶樿垔86锛�000鍏冿紝鏂板闆舵槦闁嬫敮24锛�000鍏�锛屽苟澧炲姞鎳�(y墨ng)鏀剁エ鍗犻姺鍞敹鍏ョ殑5%銆傦紙3.56钀厓锛�
灏�(du矛)澶栬硣閲戦渶姹傞噺=锛�480?400锛壝梉锛�16+32+48锛�-锛�24+16+12锛塢/400
?480脳锛�48/400锛壝楋紙1-28.8/48锛�?8.6+2.4+480脳5%=3.56 锛堣惉鍏冿級
锛�3锛�锛屽叕鍙哥敓鐢�(ch菐n)鑳藉姏宸茬稉(j墨ng)椋藉拰锛岀暥(d膩ng)骞存湁鍥哄畾璩囩敘(ch菐n)鎶樿垔86锛�000鍏冿紝鍏朵腑40%鐢ㄤ簬鏇存柊鏀归€�銆傛柊澧為浂鏄熼枊鏀�24锛�000鍏�锛岃▓(j矛)鍔冨瓨璨ㄥ崰閵峰敭鏀跺叆鐨勭櫨鍒嗘瘮涓嬮檷1%锛屾噳(y墨ng)浠樼エ鎿�(j霉)鍗犻姺鍞敹鍏ョ殑鐧惧垎姣斾笂鍗�2%銆傦紙-14.4钀厓锛�
灏�(du矛)澶栬硣閲戦渶姹傞噺=锛�480- 400锛壝楋紙181?52锛�/400?480脳锛�48/400锛� 脳锛�1- 28.8/48锛�
-8.6脳锛�1-40%锛�+2.4?480脳1%-480脳2%=-14.49锛堣惉鍏冿級
17锛屾煇鍏徃鍦�1999骞村害鐨勯姺鍞敹鍏ョ偤1锛�600锛�000鍏�锛岄姺鍞噲鍒╃巼15%锛岃偂鍒╃櫦(f膩)鏀剧巼鐐�40%锛岄毃閵峰敭鏀跺叆璁婂嫊(d貌ng)鐨勮硣鐢�(ch菐n)鍗犻姺鍞敹鍏ョ殑姣斾緥鐐�45%锛岄毃閵峰敭鏀跺叆璁婂嫊(d貌ng)鐨勮矤(f霉)鍌靛崰閵峰敭鏀跺叆鐨勬瘮渚嬬偤35%锛岃▓(j矛)鍔�2000骞寸殑閵峰敭鏀跺叆姣�1999骞村鍔�400锛�000鍏�锛岄姺鍞噲鍒╃巼鍜岃偂鍒╃櫦(f膩)鏀剧巼鑸�1999骞翠繚鎸佷笉璁�锛岄毃閵峰敭鏀跺叆璁婂嫊(d貌ng)鐨勮硣鐢�(ch菐n)鍗犻姺鍞敹鍏ョ殑姣斾緥鐐�42%锛岄毃閵峰敭鏀跺叆璁婂嫊(d貌ng)鐨勮矤(f霉)鍌靛崰閵峰敭鏀跺叆鐨勬瘮渚�30%锛屽浐瀹氳硣鐢�(ch菐n)鐨勬姌鑸婄偤40锛�000鍏�锛屾柊澧炴姇璩囬爡(xi脿ng)鐩墍闇€璩囬噾150锛�000鍏冦€傚墖瑭插叕鍙�2000骞村皪(du矛)澶栬硣閲戦渶姹傞噺鐐哄灏戝厓锛�
灏�(du矛)澶栬硣閲戦渶姹傞噺=400000脳锛�45%-35%锛�-锛�1600000+400000锛壝�15%脳锛�1-40%锛�
-40000+150000-2000000脳锛�45%-42%锛�+2000000脳锛�35%-30%锛�=10000锛堝厓锛�
18锛屾煇鍏徃鏍规摎(j霉)姝峰彶璩囨枡绲�(t菕ng)瑷�(j矛)鐨勭稉(j墨ng)鐕�(y铆ng)妤�(y猫)鍕�(w霉)閲忚垏璩囬噾闇€姹傞噺鐨勬湁闂�(gu膩n)鎯呮硜濡備笅锛�
缍�(j墨ng)鐕�(y铆ng)妤�(y猫)鍕�(w霉)閲忥紙钀欢锛�   10   8   12   11   15   14
璩囬噾闇€姹傞噺锛堣惉鍏冿級   20   21   22   23   30   28
瑕佹眰鍒嗗垾鐢ㄥ洖姝哥洿绶氭硶鍜岄珮浣庨粸(di菐n)娉曢爯(y霉)娓�(c猫)鍏徃鍦ㄧ稉(j墨ng)鐕�(y铆ng)妤�(y猫)鍕�(w霉)閲忕偤13钀欢鏅�(sh铆)鐨勮硣閲戦渶姹傞噺銆�
绛�: 鍥炴鐩寸窔娉�: b =锛坣鈭憍y - 鈭憍鈭憏锛�/锛坣鈭憍2 ? 锛堚垜x锛�2
=锛�6脳1727?70脳144锛�/锛�6脳850?702锛�=1.41
a =锛堚垜y-b鈭憍锛�/ n
=锛�144?1.41脳70锛�/6=7.55
鎵€浠ワ紝y = 7.55 + 1.41x,鐣�(d膩ng)缍�(j墨ng)鐕�(y铆ng)妤�(y猫)鍕�(w霉)閲忕偤13钀檪(sh铆)锛屽皪(du矛)澶栬硣閲戦渶姹傞噺锛�
y=7.55 + 1.41脳13=25.88锛堣惉鍏冿級
楂樹綆榛�(di菐n)娉�: b =锛�30?21锛�/锛� 15?8锛�=1.29
.           a =30-1.29脳15=10.65
鎵€浠�锛寉 = 10.65 + 1.29x,鐣�(d膩ng)缍�(j墨ng)鐕�(y铆ng)妤�(y猫)鍕�(w霉)閲忕偤13钀檪(sh铆)锛屽皪(du矛)澶栬硣閲戦渶姹傞噺:
y=10.65+1.29脳13= 27.42锛堣惉鍏冿級
19锛屼紒妤�(y猫)鍚戦妧琛屽€熷叆涓€绛嗘闋�(xi脿ng)锛岄妧琛屾彁鍑轰笅鍒楁浠朵緵浼佹キ(y猫)閬告搰锛欰锛屽勾鍒╃巼鐐�10%锛堝柈鍒╋級锛屽埄闅ㄦ湰娓�銆侭锛屾瘡鍗婂勾寰�(f霉)鍒╀竴娆�锛屽勾鍒╃巼鐐�9%锛屽埄闅ㄦ湰娓呫€侰锛屽勾鍒╃巼鐐�8%锛屼絾蹇呴爤淇濇寔25%鐨勮(b菙)鍎熸€т綑椤�銆侱锛屽勾鍒╃巼鐐�9.5%鎸夎布鐝�(xi脿n)娉曚粯鎭�銆備紒妤�(y猫)瑭查伕鎿囧拰绋柟寮忓彇寰楀€熸锛�
绛旓細Air=10%
Big=锛�1+9%/2锛�2-1=9.20%
Chi=8%/锛�1-25%锛�=10.67%
Did=9.5%/锛�1-9.5%锛�=10.50% 鎳�(y墨ng)瑭查伕鎿嘊姊濅欢銆�
20锛屾煇鍏徃婧�(zh菙n)鍌欑櫦(f膩)琛岄潰鍊肩偤500鍏冪殑浼佹キ(y猫)鍌靛埜锛屽勾鍒╃巼鐐�8%锛屾湡闄愮偤5骞�銆傚氨涓嬪垪姊濅欢鍒嗗垾瑷�(j矛)绠楀偟鍒哥殑鐧�(f膩)琛屽児(ji脿)銆傦紙1锛夋瘡骞磋▓(j矛)鎭竴娆¤珛(q菒ng)鍒嗗垾瑷�(j矛)绠楀競鍫�(ch菐ng)鍒╃巼鍦�6%銆�8%銆�10%鐨勬浠朵笅鐨勪紒妤�(y猫)鍌靛埜鐧�(f膩)琛屽児(ji脿)銆傦紙2锛夊埌鏈熶竴娆￠倓鏈粯鎭紙鍠埄锛夊垎鍒ヨ▓(j矛)绠楀競鍫�(ch菐ng)鍒╃巼鍦�6%銆�8%銆�10%鐨勬浠朵笅鐨勪紒妤�(y猫)鍌靛埜鐧�(f膩)琛屽児(ji脿)銆傦紙3锛夊埌鏈熶竴娆￠倓鏈粯鎭垎鍒ヨ▓(j矛)绠楀競鍫�(ch菐ng)鍒╃巼鍦�6%銆�8%銆�10%鐨勬浠朵笅鐨勪紒妤�(y猫)鍌靛埜鐧�(f膩)琛屽児(ji脿)銆傦紙4锛夌劇鎭姌鍍�(ji脿)鍌靛埜鍒嗗垾瑷�(j矛)绠楀競鍫�(ch菐ng)鍒╃巼鍦�6%銆�8%銆�10%鐨勬浠朵笅鐨勪紒妤�(y猫)鍌靛埜鐧�(f膩)琛屽児(ji脿)銆�
锛�1锛� 姣忓勾瑷�(j矛)鎭竴娆�:
甯傚牬(ch菐ng)鍒╃巼6%鐨勭櫦(f膩)琛屽児(ji脿)=500脳锛圥/F锛�6%锛�5锛�+500脳8%脳锛圥/A锛�6%锛�5锛�
            =500脳0.7473+500脳8%脳4.2124=542.15锛堝厓锛�
甯傚牬(ch菐ng)鍒╃巼8%鐨勭櫦(f膩)琛屽児(ji脿)=500脳锛圥/F锛�8%锛�5锛�+500脳8%脳锛圥/A锛�8%锛�5锛�
            =500脳0.6806+500脳8%脳3.9927=500.00锛堝厓锛�
甯傚牬(ch菐ng)鍒╃巼10%鐨勭櫦(f膩)琛屽児(ji脿)=500脳锛圥/F锛�10%锛�5锛�+500脳8%脳锛圥/A锛�10%锛�5锛�
            =500脳0.6209+500脳8%脳3.7908=462.37锛堝厓锛�
锛�2锛� 鍒版湡涓€娆￠倓鏈粯鎭紙鍠埄锛�:
甯傚牬(ch菐ng)鍒╃巼6%鐨勭櫦(f膩)琛屽児(ji脿)=500脳锛�1+8%脳5锛壝楋紙P/F锛�6%锛�5锛�
              =500脳锛�1+8%脳5锛壝�0.7473=523.11锛堝厓锛�
甯傚牬(ch菐ng)鍒╃巼8%鐨勭櫦(f膩)琛屽児(ji脿)=500脳锛�1+8%脳5锛壝楋紙P/F锛�8%锛�5锛�
              =500脳锛�1+8%脳5锛壝�0.6806=476.42锛堝厓锛�
甯傚牬(ch菐ng)鍒╃巼10%鐨勭櫦(f膩)琛屽児(ji脿)=500脳锛�1+8%脳5锛壝楋紙P/F锛�10%锛�5锛�
              =500脳锛�1+8%脳5锛壝�0.6209=434.63锛堝厓锛�
锛�3锛� 鍒版湡涓€娆￠倓鏈粯鎭�:
甯傚牬(ch菐ng)鍒╃巼6%鐨勭櫦(f膩)琛屽児(ji脿)=500脳锛團/P,8%,5锛� 脳锛圥/F,6%,5锛�
              =500脳1.4693脳0.7473=549.00锛堝厓锛�
甯傚牬(ch菐ng)鍒╃巼6%鐨勭櫦(f膩)琛屽児(ji脿)=500脳锛團/P,8%,5锛� 脳锛圥/F,8%,5锛�
              =500脳1.4693脳0.6806=500.00锛堝厓锛�
甯傚牬(ch菐ng)鍒╃巼10%鐨勭櫦(f膩)琛屽児(ji脿)=500脳锛團/P,8%,5锛� 脳锛圥/F,10%,5)
            =500脳1.4693脳0.6209=456.14锛堝厓锛�
锛�4锛� 鐒℃伅鎶樺児(ji脿)鐧�(f膩)琛�:
甯傚牬(ch菐ng)鍒╃巼6%鐨勭櫦(f膩)琛屽児(ji脿)=500脳锛圥/F,6%,5锛�=500脳0.7473=373.65锛堝厓锛�
甯傚牬(ch菐ng)鍒╃巼8%鐨勭櫦(f膩)琛屽児(ji脿)=500脳锛圥/F,8%,5锛�=500脳0.6806=340.30锛堝厓锛�
甯傚牬(ch菐ng)鍒╃巼10%鐨勭櫦(f膩)琛屽児(ji脿)=500脳锛圥/F,10%,5锛�=500脳0.6209=310.45锛堝厓锛�

21锛屾煇鍏徃铻嶈硣绉熷叆瑷�(sh猫)鍌欎竴鑷�(t谩i)锛岃┎瑷�(sh猫)鍌欑殑璨峰児(ji脿)鐐�480锛�000鍏�锛岀璩冩湡闄愮偤10骞�锛岀璩冨叕鍙歌€冩叜铻嶈硣鎴愭湰銆佽瀺璩囨敹鐩婃サ鍏剁浉闂�(gu膩n)鎵嬬簩(x霉)璨�(f猫i)鍚庣殑鎶樼従(xi脿n)鐜囩偤16%锛岃珛(q菒ng)鍒嗗垾瑷�(j矛)绠楃璩冨叕鍙歌姹備紒妤�(y猫)鍦ㄦ瘡骞村勾鏈垨骞村垵绛夐鏀粯鐨勫勾绉熼噾銆�
骞存湯鏀粯鐨勭閲�=480000脳[1/锛圥/A,16%,10锛塢=99313.08鍏�
骞村垵鏀粯鐨勭閲�=480000脳[1/锛圥/A,16%,10-1锛�+1]=85614.91鍏�
22锛屾煇浼佹キ(y猫)璩掕臣(g貌u)鍟嗗搧涓€鎵�锛屽児(ji脿)娆�800锛�000鍏�锛屼緵璨ㄥ晢鍚戜紒妤�(y猫)鎻愬嚭鐨勪粯娆炬浠跺垎鍒ョ偤锛氱珛鍗充粯娆撅紝浠樻780锛�800鍏�銆�5澶╁悗浠樻锛屼粯娆�781锛�200鍏冦€�10澶╁悗浠樻锛屼粯娆�781锛�600鍏冦€�20澶╁悗浠樻锛屼粯娆�783锛�000鍏�銆�30澶╁悗浠樻锛屼粯娆�785锛�000鍏冦€�45澶╁悗浠樻锛屼粯娆�790锛�000鍏�銆傛渶鍚庝粯娆炬湡鐐�60澶╋紝鍏ㄩ浠樻銆傜洰鍓嶉妧琛岀煭鏈熷€熸骞村埄鐜囩偤12%銆傝珛(q菒ng)鍒嗗垾瑷�(j矛)绠椾紒妤�(y猫)鏀炬鍏堥€�(j矛n)鎶樻墸鐨勮硣閲戞垚鏈強姹虹瓥浼佹キ(y猫)鎳�(y墨ng)鍦ㄤ綍鏅�(sh铆)鏀粯鍟嗗搧娆炬渶鍚堥仼銆�
瑷�(j矛)绠楁斁妫勭従(xi脿n)閲戞姌鎵ｇ殑姗�(j墨)鏈�(hu矛)鎴愭湰锛�
绔嬪嵆浠樻锛氭姌鎵ｇ巼=锛�800000-780800锛�/800000=2.4%
      姗�(j墨)鏈�(hu矛)鎴愭湰=2.4%/锛�1-2.4%锛壝�360/锛�60-0锛�=14.75%
5澶╀粯娆�: 鎶樻墸鐜�=锛�800000-7812000锛�/800000=2.35%%
    姗�(j墨)鏈�(hu矛)鎴愭湰=2.35%/锛�1-2.35%锛壝�360/锛�60-5锛�=15.75%
10澶╀粯娆�:鎶樻墸鐜�=锛�800000-781600锛�/800000=2.3%
      姗�(j墨)鏈�(hu矛)鎴愭湰=2.3%/锛�1-2.3%锛壝�360/锛�60-10锛�=16.95%
20澶╀粯娆�:鎶樻墸鐜�=锛�800000-783000锛�/800000=2.125%
      姗�(j墨)鏈�(hu矛)鎴愭湰=2.125%/锛�1-2.125%锛壝�360/锛�60-20锛�=19.54%
30澶╀粯娆�:鎶樻墸鐜�=锛�800000-785000锛�/800000=1.875%
      姗�(j墨)鏈�(hu矛)鎴愭湰=1.875%/锛�1-1.875%锛壝�360/锛�60-30锛�=22.93%
45澶╀粯娆�:鎶樻墸鐜�=锛�800000-790000锛�/800000=1.25%
      姗�(j墨)鏈�(hu矛)鎴愭湰=1.25%/锛�1-1.25%锛壝�360/锛�60-45锛�=30.37%
浼佹キ(y猫)鎳�(y墨ng)閬告搰鍦�45澶╀粯娆�,鍥�?y脿n)姒夎墳?5澶╃殑鐝�(xi脿n)閲戞姌鎵ｆ(j墨)鏈�(hu矛)鎴愭湰鏈€澶�.

23锛屾煇鍏徃鑰冩叜绲︿簣瀹㈡埗淇＄敤鏈熼檺鐐�60澶╃殑鐝�(xi脿n)閲戞姌鎵�锛岃▓(j矛)鍔冪殑淇＄敤璩囬噾鎴愭湰鐜囩偤18%锛孉锛氬鏋滆€冩叜鐨勭従(xi脿n)閲戞姌鎵ｆ湡鐐�10澶�锛屽墖鎳�(y墨ng)绲︿簣瀹㈡埗鐨勭従(xi脿n)閲戞姌鎵ｇ巼鐐哄灏�锛烞锛氬鏋滆€冩叜绲︿簣瀹㈡埗鐨勭従(xi脿n)閲戞姌鎵ｇ巼鐐�2%锛屽墖鎳�(y墨ng)绲︿簣瀹㈡埗鐨勭従(xi脿n)閲戞姌鎵ｆ湡鐐哄灏戝ぉ锛�
X/锛�1-X锛� 脳360/锛�60-10锛�=18% X=2.44%
2%/锛�1-2%锛壝�360/锛�60-X锛�=18% X=19.18锛堝ぉ锛�

24,浼佹キ(y猫)鍚戦妧琛屽€熷叆娆鹃爡(xi脿ng)500锛�000鍏�锛屽€熸鍒╃巼鐐�8%锛岄妧琛屽悜浼佹キ(y猫)鎻愬嚭瑭茬瓎鍊熸蹇呴爤鍦ㄩ妧琛屼繚鎸�10%鐨勮(b菙)鍎熸€т綑椤�锛屽苟鍚戦妧琛屾敮浠�2锛�000鍏冩墜绾�(x霉)璨�(f猫i)锛屼紒妤�(y猫)鐨勬墍寰楃▍鐜囩偤30%锛屽墖瑭茬瓎鍊熸鐨勮硣閲戞垚鏈槸澶氬皯锛�
璩囬噾鎴愭湰=500000脳8%脳锛�1-30%锛�/[500000脳锛�1-10%锛�-2000]=6.25%

25锛屾煇浼佹キ(y猫)鐧�(f膩)琛屽偟鍒哥睂璩囷紝鍏辩櫦(f膩)琛屽偟鍒�200钀唤锛屾瘡浠介潰鍊肩偤1锛�000鍏�锛屽勾鍒╃巼8%锛岀櫦(f膩)琛屽児(ji脿)鐐烘瘡浠�1锛�040鍏�锛屾墜绾�(x霉)璨�(f猫i)鐜囩偤6%,浼佹キ(y猫)鎵€鐨勭▍鐜囩偤33%锛屽墖瑭插偟鍒哥殑璩囬噾鎴愭湰鐐哄灏�锛�
璩囬噾鎴愭湰=1000脳8%脳锛�1-33%锛�/[1040脳锛�1-6%锛塢=5.48%

26锛屾煇浼佹キ(y猫)婧�(zh菙n)鍌欑櫦(f膩)琛屽偟鍒�4锛�500钀唤锛屾瘡浠介潰鍊肩偤200鍏�锛屾湡闄愮偤3骞达紝鐩墠甯傚牬(ch菐ng)鍒╃巼鐐�6%锛岃€屽偟鍒哥殑绁ㄩ潰鍒╃巼8%锛岀睂璩囪不(f猫i)鐜囩偤2%锛屼紒妤�(y猫)鐨勬墍寰楃▍鐜囩偤30%锛屽墖瑭插偟鍒哥殑鐧�(f膩)琛屽児(ji脿)鍜岃硣閲戞垚鏈垎鍒ョ偤澶氬皯锛�

鐧�(f膩)琛屽児(ji脿)=200脳锛圥/F锛�6%锛�3锛�+200脳8%脳锛圥/A锛�6%锛�3锛�
=200脳 0.8396 + 16脳2.6730=210.69鍏�
璩囬噾鎴愭湰=200脳8%脳锛�1-30%锛�/[210.69脳锛�1-2%锛塢=5.42%

27锛屾煇浼佹キ(y猫)鍌靛埜鐨勭櫦(f膩)琛屽児(ji脿)鐐�94鍏�锛岄潰鍊肩偤100鍏�锛屾湡闄愮偤1骞�锛屽埌鏈熸寜闈㈠€煎劅閭勶紝绫岃硣璨�(f猫i)鐜囩偤4%,浼佹キ(y猫)鎵€寰楃▍鐜囩偤33%锛屽墖瑭插偟鍒哥殑璩囬噾鎴愭湰鐐哄灏戯紵
璩囬噾鎴愭湰=锛�100-94锛� 脳锛�1-33%锛�/[94脳锛�1-4%锛塢=4.45%

28锛屾煇浼佹キ(y猫)閫氶亷鐧�(f膩)琛岃偂绁ㄧ睂鎺硣閲戯紝鍏辩櫦(f膩)琛�2锛�000钀偂鑲＄エ锛屾瘡鑲￠潰鍊�20鍏�锛屾瘡鑲＄櫦(f膩)琛屽児(ji脿)鐐�42鍏�锛岀櫦(f膩)琛屾墜绾�(x霉)璨�(f猫i)鐜囩偤4%锛� 闋�(y霉)瑷�(j矛)瑭茶偂绁ㄧ殑鍥哄畾鑲″埄鐜囩偤12%锛屼紒妤�(y猫)鐨勬墍寰楃▍鐜囩偤35%锛屽墖鑲＄エ鐨勮硣閲戞垚鏈偤澶氬皯锛�
璩囬噾鎴愭湰=20脳12%/[42脳锛�1-4%锛塢=5.95%
29锛屾煇浼佹キ(y猫)閫氶亷鐧�(f膩)琛屾櫘閫氳偂鑲＄エ绫屾帾璩囬噾锛屽叡鐧�(f膩)琛屾櫘閫氳偂4锛�000钀偂锛屾瘡鑲￠潰鍊�1鍏�锛岀櫦(f膩)琛屽児(ji脿)鐐烘瘡鑲�5.80鍏�锛岀櫦(f膩)琛屾墜绾�(x霉)璨�(f猫i)鐜囩偤5%锛岀櫦(f膩)琛屽悗绗竴骞寸殑姣忚偂鑲″埄鐐�0.24鍏冿紝浠ュ悗闋�(y霉)瑷�(j矛)姣忓勾鑲″埄澧為暦(zh菐ng)鐜囩偤4%锛屽墖瑭叉櫘閫氳偂鐨勮硣閲戞垚鏈偤澶氬皯锛�
璩囬噾鎴愭湰=0.24/[5.80脳锛�1-5%锛塢+4%=8.36%

30锛屾煇鎶曡硣闋�(xi脿ng)鐩硣閲戜締婧愭儏娉佸涓嬶細閵€琛屽€熸300钀厓锛屽勾鍒╃巼鐐�4%锛屾墜绾�(x霉)璨�(f猫i)鐐�4钀厓銆傜櫦(f膩)琛屽偟鍒�500钀厓锛岄潰鍊�100鍏冿紝鐧�(f膩)琛屽児(ji脿)鐐�102鍏�锛屽勾鍒╃巼鐐�6%锛岀櫦(f膩)琛屾墜绾�(x霉)璨�(f猫i)鐜囩偤2%銆傚劒(y艒u)鍏堣偂200钀厓锛屽勾鑲″埄鐜囩偤10%锛岀櫦(f膩)琛屾墜绾�(x霉)璨�(f猫i)鐜囩偤4%銆傛櫘閫氳偂600钀厓锛屾瘡鑲￠潰鍊�10鍏冿紝姣忚偂甯傚児(ji脿)15鍏�锛屾瘡鑲¤偂鍒╃偤2.40鍏�锛屼互鍚庢瘡骞村闀�(zh菐ng)5%锛屾墜绾�(x霉)璨�(f猫i)鐜囩偤4%銆傜暀鐢ㄥ埄娼�(r霉n)400钀厓銆傝┎鎶曡硣闋�(xi脿ng)鐩殑瑷�(j矛)鍔冨勾鎶曡硣鏀剁泭鐐�248钀厓锛屼紒妤�(y猫)鎵€寰楃▍鐜囩偤33%銆備紒妤�(y猫)鏄惁鎳�(y墨ng)瑭茬睂鎺硣閲戞姇璩囪┎闋�(xi脿ng)鐩�锛�
鍊�(g猫)鍒ヨ硣閲戞瘮閲嶏細
閵€琛屽€熸姣旈噸= 300 / 2000 = 15%   鍌靛埜璩囬噾姣旈噸=500 /2000=25%
鍎�(y艒u)鍏堣偂璩囬噾姣旈噸=200 / 2000=10%   鏅€氳偂璩囬噾姣旈噸=600 / 2000 =30%
鐣欏瓨鏀剁泭璩囬噾姣旈噸=400 / 2000=20%
鍊�(g猫)鍒ヨ硣閲戞垚鏈細
閵€琛屽€熸鎴愭湰=300脳4%脳锛�1-33%锛�/锛�300-4锛�=2.72%
鍌靛埜璩囬噾鎴愭湰=100脳6%脳锛�1-33%锛�/[102脳锛�1-2%锛塢=4.02%
鍎�(y艒u)鍏堣偂璩囬噾鎴愭湰=10% / 1脳锛�1-4%锛�=10.42%
鏅€氳偂璩囬噾鎴愭湰=2.40 / [15脳锛�1-4%锛塢 +5%=21.67%
鐣欏瓨鏀剁泭璩囬噾鎴愭湰==2.4/ 15 + 5%=21%
鍔犳瑠(qu谩n)骞冲潎璩囬噾鎴愭湰=
2.72%脳 15%+4.02%脳25%+10.42%脳10%+21.67%脳30%+21%脳20%
=0.41%+1.01%+1.04%+6.50%+4.2%=13.16%
骞存姇璩囨敹鐩婄巼=248/2000=12.4%
璩囬噾鎴愭湰13.15%>鎶曡硣鏀剁泭鐜�12.4%,鍥犳涓嶈┎绫岃硣鎶曡硣瑭查爡(xi脿ng)鐩€�
31锛屾煇鍏徃1999骞存湯璩囬噾渚嗘簮鎯呮硜濡備笅锛氬偟鍒�400钀厓锛屽勾鍒╃巼8%銆傚劒(y艒u)鍏堣偂200钀厓锛屽勾鑲″埄鐜�12%銆傛櫘閫氳偂50钀偂锛屾瘡鑲￠潰鍊�20鍏�锛屾瘡鑲¤偂鍒�3鍏冿紝姣忓勾澧為暦(zh菐ng)6%銆傚叕鍙歌▓(j矛)鍔�2000骞村璩�400钀厓锛屽叾涓偟鍒�200钀厓锛屽勾鍒╃巼12%锛屾櫘閫氳偂200钀厓锛岀櫦(f膩)琛屽悗姣忚偂甯傚児(ji脿)鐐�25鍏�锛屾瘡鑲¤偂鍒�3.20鍏�锛屾瘡骞村闀�(zh菐ng)6%銆傛墜绾�(x霉)璨�(f猫i)蹇界暐涓嶈▓(j矛)锛屼紒妤�(y猫)鎵€寰楃▍鐜囩偤30%銆傝姹傝▓(j矛)绠楀璩囧墠鍚庣殑璩囬噾鍔犳瑠(qu谩n)骞冲潎鎴愭湰銆傚苟瑾槑璨�(c谩i)鍕�(w霉)鐙€娉佹槸鍚︽湁鎵€鏀瑰杽銆�
澧炶硣鍓嶇殑璩囬噾绺介=400+200+50脳20=400+200+1000=1600锛堣惉鍏冿級
  澧炶硣鍚庣殑璩囬噾绺介=400+200+50*20+400=1600+400=2000锛堣惉鍏冿級
澧炶硣鍓嶅€�(g猫)鍒ヨ硣閲戞垚鏈細
鍌靛埜鍊�(g猫)鍒ヨ硣閲戞垚鏈�=8%脳锛�1-30%锛�/锛�1-0锛�=5.6%
鍎�(y艒u)鍏堣偂鍊�(g猫)鍒ヨ硣閲戞垚鏈�=12%/锛�1-0锛�=12%
鏅€氳偂鍊�(g猫)鍒ヨ硣閲戞垚鏈�=3/[20脳锛�1-0锛� ]+ 6%=21%
澧炶硣鍓嶅姞娆�(qu谩n)璩囬噾鎴愭湰
=5.6%脳400/1600+12%脳200/1600+21%1000/1600=16.025%
澧炶硣鍚庡€�(g猫)鍒ヨ硣閲戞垚鏈細
鍌靛埜鍊�(g猫)鍒ヨ硣閲戞垚鏈�=8%脳锛�1-30%锛�/锛�1-0锛�=5.6%
鍌靛埜鍊�(g猫)鍒ヨ硣閲戞垚鏈�=12%脳锛�1-30%锛�/锛�1-0锛�=8.4%
鍎�(y艒u)鍏堣偂鍊�(g猫)鍒ヨ硣閲戞垚鏈�=12%/锛�1-0锛�=12%
鏅€氳偂鍊�(g猫)鍒ヨ硣閲戞垚鏈�=3.20 / [25脳锛�1-0锛塢 +6%=18.8%
澧炶硣鍚庡姞娆�(qu谩n)璩囬噾鎴愭湰
=5.6%脳400/2000+8.4%脳200/2000+12%脳200/2000+18.8%脳1200/2000
=14.44%
  澧炶硣鍚庣殑璩囬噾鎴愭湰鐐�14.44%姣斿璩囧墠鐨勮硣閲戞垚鏈�16.025%鏈夋墍闄嶄綆,鍥犳浼佹キ(y猫)璨�(c谩i)鍕�(w霉)鐙€娉佸拰璩囬噾绲�(ji茅)妲�(g貌u)鏈夋墍鏀瑰杽銆�

32锛屾煇鍏徃1999骞撮姺鍞晢鍝�12锛�000浠�锛屾瘡浠跺晢鍝佸敭鍍�(ji脿)鐐�240鍏冿紝姣忎欢鍠綅璁婂嫊(d貌ng)鎴愭湰鐐�180鍏�锛屽叏骞寸櫦(f膩)鐢熷浐瀹氭垚鏈附椤�320锛�000鍏�銆傝┎浼佹キ(y猫)鎿佹湁绺借硣鐢�(ch菐n)5锛�000锛�000鍏冿紝璩囩敘(ch菐n)璨�(f霉)鍌电巼鐐�40%锛屽偟鍕�(w霉)璩囬噾鐨勫埄鐜囩偤8%锛屼富娆�(qu谩n)璩囬噾涓湁50%鏅€氳偂锛屾櫘閫氳偂姣忚偂闈㈠€肩偤20鍏�銆備紒妤�(y猫)鐨勬墍寰楃▍绋呯巼鐐�33%銆傚垎鍒ヨ▓(j矛)绠楋紙1锛夊柈浣嶈并鐛�(xi脿n)姣涚泭锛�2锛夎并鐛�(xi脿n)姣涚泭M锛�3锛夋伅绋呭墠鍒╂饯(r霉n)EBIT锛�4锛夊埄娼�(r霉n)绺介锛�5锛夊噲鍒╂饯(r霉n)锛�6锛夋櫘閫氳偂姣忚偂鏀剁泭EPS锛�7锛夌稉(j墨ng)鐕�(y铆ng)鏉犳】绯绘暩(sh霉)DOL锛�8锛夎病(c谩i)鍕�(w霉)鏉犳】绯绘暩(sh霉)DFL锛�9锛夊京(f霉)鍚堟潬妗跨郴鏁�(sh霉)DCL
1銆佸柈浣嶉倞闅涜并鐛�(xi脿n)m=240-180=60锛堝厓锛�
2銆侀倞闅涜并鐛�(xi脿n)绺介M=12000脳60 =720000锛堝厓锛�
3銆佹伅绋呭墠鍒╂饯(r霉n)EBIT=720000?320000=400000 锛堝厓锛�
4銆佸埄娼�(r霉n)绺介 =鎭▍鍓嶅埄娼�(r霉n) ?鍒╂伅=EBIT?I
            =400000?5000000脳40%脳8%=400000?160000=240000锛堝厓锛�
5銆佸噲鍒╂饯(r霉n) =鍒╂饯(r霉n)绺介锛�1?鎵€寰楃▍%锛�=锛圗BIT?I锛夛紙1?T锛�
          = 240000脳锛�1- 33%锛�=160800锛堝厓锛�
6銆佹櫘閫氳偂姣忚偂鏀剁泭EPS =[锛圗BIT?I锛夛紙1?T锛�-D]/N
=160800?0 /锛� 5 000 000脳60%脳50% 锛�/20=160800/75000 =2.144 锛堝厓/鑲★級
7銆佺稉(j墨ng)鐕�(y铆ng)鏉犳】绯绘暩(sh霉)DOL=M/EBIT=720000/400000=1.8
8銆佽病(c谩i)鍕�(w霉)鏉犳】绯绘暩(sh霉)DFL= EBIT/锛圗BIT-I锛�= 400000/240000=1.67
9銆佸京(f霉)鍚堟潬妗跨郴鏁�(sh霉)DCL =DOL脳DFL=1.8脳1.67=3.01

33锛屾煇浼佹キ(y猫)1999骞村叏骞撮姺鍞敘(ch菐n)鍝�15锛�000浠�锛屾瘡浠剁敘(ch菐n)鍝佺殑鍞児(ji脿)鐐�180鍏�锛屾瘡浠剁敘(ch菐n)鍝佽畩鍕�(d貌ng)鎴愭湰120鍏冿紝浼佹キ(y猫)鍏ㄥ勾鐧�(f膩)鐢熷浐瀹氭垚鏈附椤�450锛�000鍏�銆備紒妤�(y猫)鎿佹湁璩囩敘(ch菐n)绺介5锛�000锛�000鍏�锛岃硣鐢�(ch菐n)璨�(f霉)鍌电巼鐐�40%锛岃矤(f霉)鍌佃硣閲戝埄鐜囩偤10%锛屼紒妤�(y猫)鍏ㄥ勾鏀粯鍎�(y艒u)鍏堣偂鑲″埄30锛�000鍏�锛屼紒妤�(y猫)鎵€寰楃▍绋呯巼鐐�40%銆傚垎鍒ヨ▓(j矛)绠楃稉(j墨ng)鐕�(y铆ng)鏉犳】绯绘暩(sh霉)銆佽病(c谩i)鍕�(w霉)鏉犳】绯绘暩(sh霉)銆佸京(f霉)鍚堟潬妗跨郴鏁�(sh霉)銆�

DOL =15000脳锛�180-120锛�/[15000脳锛�180-120锛�- 450000]= 2
DFL = [15000脳锛�180-120锛�?450000]]/
[15000脳锛�180-120锛�?450000 -锛�5 000000脳40%脳10%锛�-30000/锛�1-40%锛塢=2.25
DCL= DOL脳DFL=2 脳 2.25=4.5

34锛屾煇鍏徃鎿佹湁绺借硣鐢�(ch菐n)2锛�500钀厓锛屽偟鍕�(w霉)璩囬噾鑸囦富娆�(qu谩n)璩囬噾鐨勬瘮渚嬬偤4锛�6锛屽偟鍕�(w霉)璩囬噾鐨勫钩鍧囧埄鐜囩偤8%锛屼富娆�(qu谩n)璩囬噾涓湁200钀厓鐨勫劒(y艒u)鍏堣偂锛屽劒(y艒u)鍏堣偂鐨勮偂鍒╃巼鐐�6.7%锛屽叕鍙哥櫦(f膩)琛屽湪澶栫殑鏅€氳偂鐐�335钀偂銆�1999骞村叕鍙哥櫦(f膩)鐢熷浐瀹氭垚鏈附椤嶇偤300钀厓锛屽(sh铆)鐝�(xi脿n)鍑堝埄娼�(r霉n)鐐�348.4钀厓锛屽叕鍙哥殑鎵€鐨勭▍绋呯巼鐐�33%銆傚垎鍒ヨ▓(j矛)绠楋紙1锛夋櫘閫氳偂姣忚偂鏀剁泭EPS锛�2锛夋伅绋呭墠鍒╂饯(r霉n)EBIT锛�3锛夎病(c谩i)鍕�(w霉)鏉犳】绯绘暩(sh霉)DFL锛�4锛夌稉(j墨ng)鐕�(y铆ng)鏉犳】绯绘暩(sh霉)DOL锛�5锛夊京(f霉)鍚堟潬妗跨郴鏁�(sh霉)DCL
EPS =锛�348.4-200脳6.7%锛�/335=1锛堝厓/姣忚偂锛�
EBIT=348.4/锛�1-33%锛�+2500脳40%脳8%=600锛堣惉鍏冿級
M=600+300=900锛堣惉鍏冿級
  DOL=900/600=1.5
DFL=600/[锛�600-2500脳40%脳8%-13.4/锛�1-33%锛夛級=1.2
DCL=DOL脳DFL=1.5脳1.2=1.8

35锛屾煇鍏徃鎿佹湁璩囩敘(ch菐n)绺介鐐�4锛�000鍏�锛岃嚜鏈夎硣閲戣垏鍌靛嫏(w霉)璩囬噾鐨勬瘮渚�6锛�4銆傚偟鍕�(w霉)璩囬噾涓湁60%鏄€氶亷鐧�(f膩)琛屽偟鍒稿彇寰楃殑锛屽偟鍒哥殑鍒╂伅璨�(f猫i)鐢ㄦ槸鍏徃鍏ㄥ勾鍒╂伅璨�(f猫i)鐢ㄧ殑70%銆傚湪1999骞寸殑閵峰敭鏀跺叆鐐�2锛�000钀厓锛屽噲鍒╂饯(r霉n)鐐�140钀厓锛屽叕鍙告墍寰楃▍绋呯巼鐐�30%銆備紒妤�(y猫)鐨勭稉(j墨ng)鐕�(y铆ng)鏉犳】绯绘暩(sh霉)鍜岃病(c谩i)鍕�(w霉)鏉犳】绯绘暩(sh霉)鍧囩偤2銆傝珛(q菒ng)瑷�(j矛)绠楋紙1锛夎┎鍏徃鐨勫叏骞村埄鎭不(f猫i)鐢↖锛�2锛夊叕鍙哥殑鍏ㄥ勾鍥哄畾鎴愭湰绺介A锛�3锛夎并鐛�(xi脿n)閭婇殯M锛�4锛夊偟鍒歌硣閲戠殑璩囬噾鎴愭湰鐜�

I=锛�2-1锛壝�140/锛�1-30%锛�=200锛堣惉鍏冿級
A=锛�2-1锛壝梉140/锛�1-30%锛�+200]=400
M=140/锛�1-30%锛�+200+400=800
鍌靛埜璩囬噾鎴愭湰=200脳70%脳锛�1-30%锛�/[4000脳40%脳60%-0]=10.21%

鐝�(xi脿n)鍦ㄦ槸鍖椾含鏅�(sh铆)闁擄細2004-5-23銆€鏃�8锛�15銆€銆€婧�(zh菙n)鍌欏悆椋�锛屼粖澶╂櫄涓婁竴瀹氬皣浣欎笅鐨勯儴鍒嗙湅瀹�??锛�

36锛屾煇浼佹キ(y猫)1999骞撮姺鍞敹鍏ョ偤6锛�000钀厓锛岃畩鍕�(d貌ng)鎴愭湰鐜囩偤60%锛岀暥(d膩ng)骞翠紒妤�(y猫)鐨勫噲鍒╂饯(r霉n)鐐�1锛�200钀厓锛屼紒妤�(y猫)鎵€寰楃▍绋呯巼鐐�40%銆備紒妤�(y猫)鐨勮硣鐢�(ch菐n)璨�(f霉)鍌电巼鐐�20%锛岃硣鐢�(ch菐n)绺介鐐�7锛�500钀厓鍌靛嫏(w霉)璩囬噾鐨勬垚鏈偤10%锛屼富娆�(qu谩n)璩囬噾鐨勬垚鏈偤15%銆傚垎鍒ヨ▓(j矛)绠楋細锛�1锛夋伅绋呭墠鍒╂饯(r霉n)EBIT锛�2锛夌稉(j墨ng)鐕�(y铆ng)鏉犳】绯绘暩(sh霉)DOL銆佽病(c谩i)鍕�(w霉)鏉犳】绯绘暩(sh霉)DFL銆佸京(f霉)鍚堟潬妗跨郴鏁�(sh霉)DCL锛�3锛変紒妤�(y猫)缍滃悎璩囬噾鎴愭湰锛�4锛夋瑠(qu谩n)鐩婁箻鏁�(sh霉)銆佸凡鐛插埄鎭€嶆暩(sh霉)锛�5锛夐姺鍞埄娼�(r霉n)鐜�銆侀姺鍞噲鍒╃巼

EBIT=1200/锛�1-40%锛�+7500脳20%脳10%=2150锛堣惉鍏冿級
DOL=6000脳锛�1-60%锛�/2150]=1.12
DFL=2150/[2150-7500脳20%脳10%]=1.075
DCL=1.12脳1.075=1.204
缍滃悎璩囬噾鎴愭湰=20%脳10%+80%脳15%=14%
娆�(qu谩n)鐩婁箻鏁�(sh霉)=1/锛�1-20%锛�=1.25
宸茬嵅鍒╂伅鍊嶆暩(sh霉)=2150/锛�7500脳20%脳10%锛�=14.33
閵峰敭鍒╂饯(r霉n)鐜�=[1200/锛�1-40%锛塢/6000=33.33%
閵峰敭鍑堝埄鐜�=1200/6000=20%

37锛屾煇鍏徃1999骞寸殑璩囬噾绲�(ji茅)妲�(g貌u)濡備笅锛氬偟鍕�(w霉)璩囬噾200钀厓锛屽勾鍒╃巼鐐�10%锛涘劒(y艒u)鍏堣偂200钀厓锛屽勾鑲″埄鐜囩偤12%锛涙櫘閫氳偂600钀厓锛屾瘡鑲￠潰鍊�10鍏冦€傚叕鍙歌▓(j矛)鍔冨璩�200钀厓銆傚鏋滅櫦(f膩)琛屽偟鍒稿勾鍒╃巼鐐�8%,濡傛灉鐧�(f膩)琛岃偂绁ㄦ瘡鑲″競鍍�(ji脿)鐐�20鍏�,浼佹キ(y猫)鎵€寰楃▍鐜囩偤30%,閫�(j矛n)琛屽璩囨槸鐧�(f膩)琛屽偟鍒搁倓鏄櫦(f膩)琛岃偂绁ㄧ殑姹虹瓥銆�
[锛圗BIT ? 200脳10% -200脳8%锛夛紙1-30%锛�-200脳12% ]/锛�600/10锛�= [锛圗BIT? 200脳10%锛夛紙1-30%锛�-200脳12%] / [锛�600/10锛� +锛� 200/20锛塢
姹傚緱锛� EBIT =166.29锛堣惉鍏冿級
鐣�(d膩ng)鐩堝埄鑳藉姏EBIT>166.29钀厓鏅�(sh铆)锛屽埄鐢ㄨ矤(f霉)鍌甸泦璩囪純鐐烘湁鍒�锛涚暥(d膩ng)鐩堝埄鑳藉姏EBIT銆�166.29钀厓鏅�(sh铆)锛屼互鐧�(f膩)琛屾櫘閫氳偂杓冪偤鏈夊埄锛涚暥(d膩ng)EBIT=166.29钀厓鏅�(sh铆)锛岄噰鐢ㄥ叐绋柟寮忕劇宸垾銆�
38,鏌愪紒妤�(y猫)鐩墠鎿佹湁鍌靛埜2000钀厓锛屽勾鍒╃巼鐐�5%銆傚劒(y艒u)鍏堣偂500钀厓锛屽勾鑲″埄鐜囩偤12%銆傛櫘閫氳偂2000钀厓锛屾瘡鑲￠潰鍊�10鍏�?锛孎(xi脿n)瑷�(j矛)鍔冨璩�500钀厓锛屽璩囧悗鐨勬伅绋呭墠鍒╂饯(r霉n)鐐�900钀厓銆傚鏋滅櫦(f膩)琛屽偟鍒�锛屽勾鍒╃巼鐐�8%锛涘鏋滅櫦(f膩)琛屽劒(y艒u)鍏堣偂锛屽勾鑲″埄鐜囩偤12%锛涘鏋滅櫦(f膩)琛屾櫘閫氳偂锛屾瘡鑲＄櫦(f膩)琛屽児(ji脿)鐐�25鍏冦€備紒妤�(y猫)鎵€寰楃▍鐜囩偤30%銆傚垎鍒ヨ▓(j矛)绠楀悇绋櫦(f膩)琛屾柟寮忎笅鐨勬櫘閫氳偂姣忚偂鏀剁泭锛屽苟姹虹瓥閲囩敤浣曠ó鏂瑰紡绫岃硣銆�
鐧�(f膩)琛屽偟鍒哥殑EPS=[锛�900-2000脳5%-500脳8%锛壝楋紙1-30%锛�-500脳12%]/锛�2000/10锛�
=2.36鍏�/鑲�
鐧�(f膩)琛屽劒(y艒u)鍏堣偂EPS=[锛�900-2000脳5%锛壝楋紙1-30%锛�-锛�500+500锛壝�12%]/锛�2000/10锛�
        =2.20鍏�/鑲�
鐧�(f膩)琛屾櫘閫氳偂EPS=[锛�900-2000脳5%锛壝楋紙1-30%锛�-500脳12%]锛�2000/10+500/25锛�
        =2.17鍏�/鑲�

39,鏌愭姇璩囬爡(xi脿ng)鐩�锛屽缓瑷�(sh猫)鏈熶簩骞�锛岀稉(j墨ng)鐕�(y铆ng)鏈熷叓骞�銆傛姇璩囨儏娉佸涓嬶細鍥哄畾璩囩敘(ch菐n)鎶曡硣1500000鍏�锛屽湪寤鸿ō(sh猫)鏈熷垵鎶曞叆1000000鍏�锛屽湪寤鸿ō(sh猫)鏈熺殑绗簩骞寸殑骞村垵鎶曞叆500000鍏冦€�300000鍏冪殑闁嬭睛璨�(f猫i)鍦ㄩ爡(xi脿ng)鐩垵鏈熸姇鍏�锛�200000鍏冪劇褰㈣硣鐢�(ch菐n)鍦ㄥ缓瑷�(sh猫)鏈熸湯鎶曞叆锛屾祦鍕�(d貌ng)璩囬噾500000鍏冨湪缍�(j墨ng)鐕�(y铆ng)鏈熷垵鎶曞叆銆傜櫦(f膩)鐢熷湪寤鸿ō(sh猫)鏈熺殑璩囨湰鍖栧埄鎭偤300000鍏�銆傚浐瀹氳硣鐢�(ch菐n)鎶樻寜鑸婄洿绶氭硶瑷�(j矛)鎻愭姌鑸婏紝鏈熸湯鏈�200000鍏冪殑娈樺€煎洖鏀�銆傞枊杈﹁不(f猫i)銆佺劇褰㈣硣鐢�(ch菐n)鑷爡(xi脿ng)鐩稉(j墨ng)鐕�(y铆ng)鍚庢寜浜斿勾鏀ら姺銆傚湪闋�(xi脿ng)鐩稉(j墨ng)鐕�(y铆ng)鐨勫墠鍥涘勾姣忓勾姝搁倓鍊熸鍒╂伅200000鍏�銆傞爡(xi脿ng)鐩稉(j墨ng)鐕�(y铆ng)鍚庯紝鍙敓鐢�(ch菐n)A鐢�(ch菐n)鍝�锛屾瘡骞寸殑鐢�(ch菐n)閵烽噺鐐�10000浠�锛屾瘡浠堕姺鍞児(ji脿)280鍏�锛屾瘡浠跺柈浣嶈畩鍕�(d貌ng)鎴愭湰140鍏冿紝姣忓勾鐧�(f膩)鐢熷浐瀹氭€х稉(j墨ng)鐕�(y铆ng)鎴愭湰180000鍏�銆備紒妤�(y猫)鎵€寰楃▍绋呯巼鐐�30%銆備紒妤�(y猫)璩囬噾鎴愭湰鐐�14%銆�
鍒嗗垾瑷�(j矛)绠楋紙1锛夐爡(xi脿ng)鐩▓(j矛)绠楁湡锛�2锛夊師濮嬫姇璩囬銆佹姇璩囩附椤嶏紙3锛夊浐瀹氳硣鐢�(ch菐n)鍘熷€�銆佹姌鑸婇锛�4锛夊洖鏀堕锛�5锛夌稉(j墨ng)鐕�(y铆ng)鏈熺殑鍑堝埄娼�(r霉n)锛�6锛夊缓瑷�(sh猫)鏈�銆佺稉(j墨ng)鐕�(y铆ng)鏈熺殑鍑堢従(xi脿n)閲戞祦閲忥紙7锛夋姇璩囧洖鏀舵湡锛�8锛夊噲鐝�(xi脿n)鍊硷紙9锛夊噲鐝�(xi脿n)鍊肩巼锛�10锛夌嵅鍒╂寚鏁�(sh霉)锛�11锛夊勾绛夐鍑堝洖鏀堕
瑷�(j矛)绠楁湡=2+8=10骞�
鍘熷鎶曡硣椤�=1500000+300000+200000+500000=2500000鍏�
鎶曡硣绺介=2500000+300000=2800000鍏�
鍥哄畾璩囩敘(ch菐n)鍘熷€�=1500000+300000=1800000鍏�
鎶樿垔椤�=锛�1800000-200000锛�/8=200000鍏�
鍥炴敹椤�=200000+500000=700000鍏冿紞锛嶏紞锛嶆敞锛氬洖鏀堕鐐烘畼鍊煎拰娴佸嫊(d貌ng)璩囬噾
3-6骞寸殑缍�(j墨ng)鐕�(y铆ng)鏈熷噲鍒╂饯(r霉n)
=[10000脳锛�280-140锛�-180000?200000?200000/5?300000/5?200000]锛�1?30%锛� =504000锛堝厓锛�
绗�7骞寸殑缍�(j墨ng)鐕�(y铆ng)鏈熺殑鍑堝埄娼�(r霉n)
=[10000脳锛�280-140锛�-180000?200000?200000/5?300000/5?0]锛�1?30%锛�
=644000鍏�
绗�8-10骞寸殑缍�(j墨ng)鐕�(y铆ng)鏈熷噲鍒╂饯(r霉n)
=[10000脳锛�280-140锛�-180000?200000]锛�1?30%锛� =714000鍏�
NCF0=-1000000-300000 =-1300000鍏�
NCF1=-500000鍏�
NCF2=-200000-500000=-700000鍏�
NCF3-6=504000+200000+200000/5+300000/5+200000=1004000鍏�
NCF7=644000+200000+200000/5+300000/5=944000鍏�
NCF8-9=714000+200000=914000鍏�
NCF10=914000+200000+500000=1614000鍏�
鎶曡硣鍒╂饯(r霉n)鐜�=[锛�504000脳4+644 000+714 000脳3锛�/8] / 2800000=21.44%
鍒€娉細280钀槸鎶曡硣绺介锛屽寘鎷硣鏈寲鍒╂伅

鎶曡硣鍥炴敹鏈�=PP = 4+ | -492000 | /1004000=4+0.49=4.49骞�
鍑堢従(xi脿n)鍊�
NPV= NCF3-6 [锛圥/A锛�14%锛�6锛�-锛圥/A锛�14%锛�2锛塢 +NCF7 [锛圥/A锛�14%锛�7锛�- 锛圥/A锛�14%锛�6锛塢+NCF8-9 [锛圥/A锛�14%锛�9锛�-锛圥/A锛�14%锛�7锛塢+NCF10 [锛圥/A锛�14%锛�10锛�- 锛� P/A锛�14%锛�9锛塢-{NCF0+NCF1锛圥/A锛�14%锛�1锛�+NCF2 [锛圥/A锛�14%锛�2锛�-锛圥/A锛�14%锛�1锛塢}
=[1000400脳锛�3.8887-1.6467锛�+944000脳锛�4.2882- 3.8887锛�+914000脳锛�4.9162 -4.2882锛�+1614000脳锛�5.2161?4.9164锛塢+[-130+锛�-50锛壝�0.8772+锛�-70锛壝楋紙1.6467?0.8772锛塢
=3685986.6?2227250=1408306.60 鍏�
鍑堢従(xi脿n)鍊肩巼NPVR=1408736.6/2277250 =61.86%
鐛插埄鎸囨暩(sh霉)PI=1+61.86%=1.6186
骞寸瓑椤嶅噲鍥炴敹椤�=NPV /锛圥/A锛�14%锛�10锛�=1408736.6/5.2161=270074.69鍏�
濡傛灉瑭叉姇璩囬爡(xi脿ng)鐩姌鐝�(xi脿n)鐜�18%锛屽噲鐝�(xi脿n)鍊肩偤璨�(f霉)59.13钀厓锛岃▓(j矛)绠楀収(n猫i)閮ㄦ敹鐩婄巼銆�
IRR=14% +锛�140.87 ? 0锛�/锛�140.87 + 59.13锛壝楋紙18%-14%锛�
    =14%+2.82%
    =16.82%

40锛屼紒妤�(y猫)鎶曡硣瑷�(sh猫)鍌欎竴鑷�(t谩i)锛岃ō(sh猫)鍌欒卜鍍�(ji脿)鐐�1锛�300锛�000鍏�锛屽湪闋�(xi脿ng)鐩枊濮嬫檪(sh铆)涓€娆℃姇鍏�锛岄爡(xi脿ng)鐩缓瑷�(sh猫)鏈熺偤2骞�锛岀櫦(f膩)鐢熷湪寤鸿ō(sh猫)鏈熺殑璩囨湰鍖栧埄鎭�200锛�000鍏冦€傝ō(sh猫)鍌欓噰鐢ㄧ洿绶氭硶瑷�(j矛)鎻愭姌鑸�锛屽噲娈樺€肩巼鐐�8%銆傝ō(sh猫)鍌欐姇鐢�(ch菐n)鍚庯紝鍙稉(j墨ng)鐕�(y铆ng)8骞�锛屾瘡骞村彲澧炲姞鐢�(ch菐n)鍝佺敘(ch菐n)閵�4锛�200浠讹紝姣忎欢鍞児(ji脿)鐐�150鍏�锛屾瘡浠跺柈浣嶈畩鍕�(d貌ng)鎴愭湰80鍏�锛屼絾姣忓勾澧炲姞鍥哄畾鎬х稉(j墨ng)鐕�(y铆ng)鎴愭湰81锛�500鍏冦€備紒妤�(y猫)鎵€寰楃▍鐜囩偤30%銆傚垎鍒ヨ▓(j矛)绠楋紙1锛夐爡(xi脿ng)鐩▓(j矛)绠楁湡锛�2锛夊浐瀹氳硣鐢�(ch菐n)鍘熷€笺€佹姌鑸婇锛�3锛夌稉(j墨ng)鐕�(y铆ng)鏈熺殑骞村噲鍒╂饯(r霉n)锛�4锛夊缓瑷�(sh猫)鏈�銆佺稉(j墨ng)鐕�(y铆ng)鏈熺殑姣忓勾鍑堢従(xi脿n)閲戞祦閲忋€�
闋�(xi脿ng)鐩▓(j矛)绠楁湡=2+8 =10 骞�
  鍥哄畾璩囩敘(ch菐n)鍘熷€�=1300000 + 200000 =1500000 鍏�
        娈樺€�=1500000脳8% =120000鍏�
    骞存姌鑸婇= [1500000脳锛�1 ? 8%锛塢 / 8 =172500鍏�
NCF0 =-1300000鍏�
NCF1 =0鍏�
NCF2 =0鍏�
NCF3 - 9 =[4200脳锛�150?80锛�-81500?172500] 脳锛�1?30%锛�+172500
    =200500 鍏�
NCF10 =200500+120000=320500鍏�

41,鏌愪紒妤�(y猫)婧�(zh菙n)鍌欐洿鏂颁竴鑷�(t谩i)宸茬敤5骞寸殑瑷�(sh猫)鍌�锛岀洰鍓嶅赋闈㈠児(ji脿)鍊肩偤180302鍏冿紝璁婄従(xi脿n)鏀跺叆鐐�160000鍏�銆傚彇寰楁柊瑷�(sh猫)鍌欑殑鎶曡硣椤嶇偤360000鍏�锛屽彲鐢�5骞�銆傛柊鑸婅ō(sh猫)鍌欏潎閲囩敤鐩寸窔鎶樿垔锛�5骞村悗鏂拌垔瑷�(sh猫)鍌欑殑娈樺€肩浉绛�銆傝ō(sh猫)鍌欐洿鏂板湪鐣�(d膩ng)骞村彲浠ュ畬鎴�銆傛洿鏂板悗绗�1骞村鍔犵嚐(y铆ng)妤�(y猫)鏀跺叆100000鍏�锛屼絾澧炲姞鐕�(y铆ng)妤�(y猫)鎴愭湰50000鍏�銆傜2鈥�5骞村鍔犵嚐(y铆ng)妤�(y猫)鏀跺叆120000鍏�锛屽鍔犵嚐(y铆ng)妤�(y猫)鎴愭湰60000鍏�銆傛墍寰楃▍鐜囩偤33%銆傝▓(j矛)绠楀湪瑷�(j矛)绠楁湡鍏�(n猫i)鍚勫勾鐨勫樊椤嶅噲鐝�(xi脿n)閲戞祦閲忥紙螖NCF锛夈€�
鍘熷鎶曡硣=360000-160000=200000鍏�
宸鎶樿垔=锛�200000-0锛�/5=40000鍏�
鑸婅ō(sh猫)鍌欐彁鍓嶅牨(b脿o)寤㈠噲鎼嶅け閬炴笡鐨勬墍寰楃▍=锛�180302- 160000锛壝�33%=6700鍏�
螖NCF0 = -锛� 360 000 ?160 000锛�= - 200 000鍏�
螖NCF1 =锛�100 000?50 000?40000锛夛紙1?33%锛�+40000+6700=53400鍏�
螖NCF2-5 =锛�120000?60000?40000锛夛紙1?33%锛�+40000=53400鍏�

42锛屼紒妤�(y猫)鍘熸湁涓€鑷�(t谩i)瑷�(sh猫)鍌�銆傚師鍊�280000鍏�锛屽彲鐢�8骞�锛屽凡鐢�3骞达紝宸叉彁鎶樿垔100000鍏�锛岀洰鍓嶈畩鐝�(xi脿n)鏀跺叆160000鍏�锛屽鏋滅辜绾�(x霉)浣跨敤鑸婅ō(sh猫)鍌欙紝鏈熸湯鏈夋畼鍊�5000鍏�锛屽鏋滄洿鏂拌ō(sh猫)鍌欙紝璨峰児(ji脿)360000钀厓锛屽彲鐢�5骞达紝鏈熸湯鏈夋畼鍊�8000鍏�锛屾洿鏂颁笉褰遍熆鐢熺敘(ch菐n)缍�(j墨ng)鐕�(y铆ng)銆傛柊鑸婅ō(sh猫)鍌欏潎閲囩敤鐩寸窔鎶樿垔銆傛洿鏂板悗锛屾瘡骞村鍔犵稉(j墨ng)鐕�(y铆ng)鏀跺叆120000鍏�锛屽鍔犵稉(j墨ng)鐕�(y铆ng)鎴愭湰60000鍏�锛屼紒妤�(y猫)鎵€寰楃▍绋呯巼鐐�30%銆傝姹傦細瑷�(j矛)绠楀悇骞次擭CF銆�
鍘熷鎶曡硣=360000-160000=200000鍏�
宸鎶樿垔=[200000-锛�8000-5000锛塢/5=39400鍏�
鑸婅ō(sh猫)鍌欐彁鍓嶅牨(b脿o)寤㈠噲鎼嶅け閬炴笡鐨勬墍寰楃▍
=[锛�280000-100000锛�-160000]脳30%=6000鍏�
螖NCF0=-锛�360000?160000锛�=-200000鍏�
螖NCF1=锛�120000?60000?39400锛夛紙1- 30%锛�+39400+6000=59820鍏�
螖NCF2-4=锛�120000?60000?39400锛夛紙1-30%锛�+39400=53820鍏�
螖NCF5 = 53820+锛�8000?5000锛�=56820鍏�

43锛屼紒妤�(y猫)婧�(zh菙n)鍌欐洿鏂版敼閫犳祦姘寸窔涓€姊�锛岃┎娴佹按绶氬皻鍙娇鐢�5骞淬€傝┎娴佹按绶氱殑鍘熷€肩偤500000鍏�锛屽凡鎻愭姌鑸�200000鍏�锛岀洰鍓嶈畩鐝�(xi脿n)鍍�(ji脿)鍊肩偤150000鍏�銆傚缓瑷�(sh猫)鏂扮殑娴佹按绶氱殑鎶曡硣椤嶇偤950000鍏冿紝鍦ㄥ缓瑷�(sh猫)鏈熶竴娆℃姇鍏�锛屽缓瑷�(sh猫)鏈熺偤1骞达紝缍�(j墨ng)鐕�(y铆ng)鏈熺偤5骞�銆傛柊鑸婃祦姘寸窔鐨勬湡鏈噲娈樺€肩浉绛�锛屾姌鑸婂潎閲囩敤鐩寸窔娉曡▓(j矛)鎻�銆傛柊鐨勬祦姘寸窔鎶曞叆浣跨敤鍚�锛屾瘡骞村彲澧炲姞鐢�(ch菐n)鍝佺殑鐢�(ch菐n)閵�8000浠�锛岀敘(ch菐n)鍝佹瘡浠跺敭鍍�(ji脿)鐐�240鍏冿紝姣忎欢鍠綅璁婂嫊(d貌ng)鎴愭湰鐐�150鍏�銆傚悓鏅�(sh铆)姣忓勾鏂板缍�(j墨ng)鐕�(y铆ng)鎴愭湰260000鍏冿紝浼佹キ(y猫)鎵€寰楃▍鐜囩偤40%銆傝姹傝▓(j矛)绠楄┎鏇存柊鏀归€犻爡(xi脿ng)鐩湪鍦ㄨ▓(j矛)绠楁湡鍏�(n猫i)鍚勫勾鐨勫樊椤嶅噲鐝�(xi脿n)閲戞祦閲忥紙螖NCF锛�銆�
鍘熷鎶曡硣=950000-150000=800000鍏�
宸鎶樿垔=锛�800000-0锛�/5=160000鍏�
鑸婅ō(sh猫)鍌欐彁鍓嶅牨(b脿o)寤㈠噲鎼嶅け閬炴笡鐨勬墍寰楃▍
=[锛�500000-200000锛�-150000]脳40%=60000鍏�
螖NCF0=-锛�950000?150000锛�=-800000鍏�
螖NCF1=60000鍏�
鍒€娉細鍑堟悕澶辨姷绋咃紝濡傛灉鏈夊缓瑷�(sh猫)鏈熺殑瑭�锛屽氨鍦ㄥ缓瑷�(sh猫)鏈熸湯渚嗚▓(j矛)绠�!!
螖NCF2-6=[8000脳锛�240-150锛�-260000?160000] 脳锛�1?40%锛�+160000
    =180000+160000=340000鍏�  

44锛屾煇鎶曡硣闋�(xi脿ng)鐩湁寤鸿ō(sh猫)鏈�2骞达紝鍦ㄥ缓瑷�(sh猫)鏈熷垵瑷�(sh猫)鍌欒硣閲�100钀厓锛屽湪绗簩骞村垵鎶曞叆瑷�(sh猫)鍌欒硣閲�50钀厓锛屽湪寤鸿ō(sh猫)鏈熸湯鎶曞叆娴佸嫊(d貌ng)璩囬噾鍛ㄨ綁(zhu菐n)50钀�銆傞爡(xi脿ng)鐩姇鐢�(ch菐n)鍚�锛岀稉(j墨ng)鐕�(y铆ng)鏈�8骞�锛屾瘡骞村彲澧炲姞閵峰敭鐢�(ch菐n)鍝�32000浠�锛屾瘡浠跺柈鍍�(ji脿)120鍏冿紝姣忎欢缍�(j墨ng)鐕�(y铆ng)鎴愭湰60鍏�銆傝ō(sh猫)鍌欓噰鐢ㄧ洿绶氭姌鑸婃硶锛屾湡鏈湁8%鐨勫噲娈樺€�銆備紒妤�(y猫)鎵€寰楃▍鐜囩偤33%锛岃硣閲戞垚鏈巼鐐�18%銆傝姹傝▓(j矛)绠楄┎鎶曡硣闋�(xi脿ng)鐩殑鍑堢従(xi脿n)鍊煎苟姹虹瓥瑭叉姇璩囬爡(xi脿ng)鐩槸鍚﹀彲琛�銆�
鍥哄畾璩囩敘(ch菐n)鍘熷€�=1500000鍏�
鍥哄畾璩囩敘(ch菐n)娈樺€�=1500000脳8%=120000鍏�
鍥哄畾璩囩敘(ch菐n)鎶樿垔=锛�1500000-120000锛�/8=172500鍏�
NCF0=-1000000鍏�
NCF1=-500000鍏�
NCF2=-500000鍏冿紙2269175.60锛�
NCF3-7=[32000脳锛�120-60锛�-172500] 脳锛�1-33%锛�+172500=1343325鍏�
NCF8=1343325+锛�500000+120000锛�=1963325鍏�
NPV=1343325脳[锛圥/A锛�18%锛�9锛�-锛圥/A锛�18%锛�2锛塢
+1963325脳锛圥/F锛�18%锛�10锛�-[1000000+500000锛圥/A锛�18%锛�2锛塢
=1343325脳锛�4.3030-1.5656锛�+1963325脳0.6944
-锛�1000000+500000脳1.5656锛�=2269175.60鍏�
鍥�?y脿n)闀筆V=2269175.60鍏�,澶т簬0,鎵€浠ュ彲浠ラ€�(j矛n)琛岃┎闋�(xi脿ng)鐩殑鎶曡硣.  
45,浼佹キ(y猫)鎶曡硣鏌愯ō(sh猫)鍌欐姇鍏�400000璩囬噾鍏�锛屽湪寤鸿ō(sh猫)鏈熷垵涓€娆℃姇鍏�銆傞爡(xi脿ng)鐩缓瑷�(sh猫)鏈�2骞�锛岀稉(j墨ng)鐕�(y铆ng)鏈�8骞淬€傛姇鐢�(ch菐n)鍚庢瘡骞存湁缍�(j墨ng)鐕�(y铆ng)鏀跺叆324000鍏�锛屾瘡骞存湁缍�(j墨ng)鐕�(y铆ng)鎴愭湰162000鍏�銆傝ō(sh猫)鍌欓噰鐢ㄧ洿绶氭硶鎶樿垔锛屾湡鏈湁4%鐨勫噲娈樺€�銆備紒妤�(y猫)鎵€寰楃▍鐜囩偤35%锛岃妤�(y猫)鍩烘簴(zh菙n)鏀剁泭鐜囩偤16%銆傝姹傝▓(j矛)绠楋細锛�1锛夎┎鎶曡硣闋�(xi脿ng)鐩殑鍑堢従(xi脿n)鍊�銆傦紙2锛変紒妤�(y猫)鎶曡硣闋�(xi脿ng)鐩殑鍏�(n猫i)閮ㄥ牨(b脿o)閰巼銆傦紙3锛夋焙绛栬┎鎶曡硣闋�(xi脿ng)鐩槸鍚﹀彲琛屻€�
骞存姌鑸婇=400000脳锛�1-4%锛�/8=48000鍏�
  鍥哄畾璩囩敘(ch菐n)浣欏€�=400000脳4%=16000鍏�
  NCF0=-400000鍏�
  NCF1=0鍏�
  NCF2=0鍏�
  NCF3-9=锛�324000?162000-48000锛壝楋紙1?35%锛�+48000=122100鍏�
NCF10 =122100+16000=138100鍏�
鐣�(d膩ng)i=16%鏅�(sh铆)锛歂PV=122100脳[锛圥/A锛�16%锛�9锛�- 锛圥/A锛�16%锛�2锛塢
+138100脳[锛圥/A锛�16%锛�10锛�-锛圥/A锛�16%锛�9锛塢 -400000
      =122100脳[4.6065?1.6052] +138 100脳[ 4.8332?4.6065]?400000
      =-2234 鍏�
鐣�(d膩ng)i=14% 鏅�(sh铆)锛歂PV=122100脳[锛圥/A锛�14锛�9锛�-锛圥/A锛�14%锛�2锛塢
          +138100脳[锛圥/A锛�14%锛�10锛�-锛圥/A锛�14%锛�9锛塢 -400000
=122100脳[4.9164?1.6467]+138100脳[5.2161?4.9164]?400000
        = 40 618.94鍏�
鍓囷細 IRR =14%+[40618.94/锛�40618.94+2234锛塢脳锛�16%-14%锛�
        = 15.89%
鍥�?y脿n)闀筆V =-2334鍏冦€� 0锛孖RR =15.89%銆堣硣閲戞垚鏈巼16%锛屾墍浠ヨ┎鏂规涓嶅彲琛�銆�

46,鏌愪紒妤�(y猫)鎿姇璩�320000鍏冭臣(g貌u)缃竴鑷�(t谩i)瑷�(sh猫)鍌�锛屽彲浣跨敤10骞�锛屾湡婊垮悗鏈夋畼鍊�20000鍏冦€備娇鐢ㄨ┎瑷�(sh猫)鍌欏彲浣胯┎寤犳瘡骞村鍔犳敹鍏�250000鍏�锛屾瘡骞撮櫎鎶樿垔浠ュ鐨勪粯鐝�(xi脿n)鐕�(y铆ng)閬�(y霉n)鎴愭湰灏囧鍔�178000鍏冦€傚亣瀹氭姌鑸婇噰鐢ㄧ洿绶氭硶锛岃布鐝�(xi脿n)鐜囩偤12%锛屾墍寰楃▍鐜囩偤35%銆傚垎鍒ヨ▓(j矛)绠楄┎鎶曡硣闋�(xi脿ng)鐩殑鍑堢従(xi脿n)鍊煎拰?閮ㄦ敹鐩婄巼锛屽苟灏�(du矛)瑭叉姇璩囬爡(xi脿ng)鐩€�(j矛n)琛屾槸鍚﹀彲琛屼綔鍑烘焙绛栥€�
骞存姌鑸婇 =锛�320000?20000锛�/10 =30000鍏�
    NCF0=-320000鍏�
    NCF1-9=锛�250000?178000?30000锛壝楋紙1?35%锛�+30000=57300鍏�
    NCF10 = 57300+20000 =77300鍏�
鐣�(d膩ng)i=12%鏅�(sh铆)锛歂PV=57300脳锛圥/A锛�12%锛�9锛�+77300脳锛圥/F锛�12%锛�10锛�-320000
          = 57300脳5.3282+77300脳0.3220-320000
          = 10196.46鍏�
鐣�(d膩ng)i=14%鏅�(sh铆): NPV =57300脳锛圥/A锛�14%锛�9锛�+77300脳锛圥/F锛�14%锛�10锛�-320000
          =57300脳4.9164+77300脳0.2697?320000
          =-17442.47鍏�
鍓�:IRR = 12%+[10196.46/锛� 10196.46 +17442.47锛塢脳锛�14%-12%锛�
          = 12.73%
鍥�?y脿n)闀筆V=10196.46 銆�0锛孖RR=12.73% 銆夎硣閲戞垚鏈巼12% 锛� 鎵€浠ヨ┎鏂规鍙銆�

47锛屼紒妤�(y猫)鍘熸湁瑷�(sh猫)鍌欎竴鑷�(t谩i)锛岃卜鍍�(ji脿)240000鍏�锛屽彲鐢�10骞�锛屽凡鐢�2骞达紝鐩墠娓呯悊鍑堟敹鍏ョ偤180000鍏�銆傚鏋滅辜绾�(x霉)浣跨敤鑸婅ō(sh猫)鍌欐瘡骞寸殑缍�(j墨ng)鐕�(y铆ng)鏀跺叆120000鍏冿紝缍�(j墨ng)鐕�(y铆ng)鎴愭湰80000鍏�锛屾湡鏈ō(sh猫)鍌欑殑娈樺€肩偤12000鍏�銆傚鏋滀紒妤�(y猫)璩�(g貌u)缃竴鑷�(t谩i)鏂拌ō(sh猫)鍌欐浛浠�锛岀洰鍓嶅競鍍�(ji脿)360000鍏�锛屽彲鐢�8骞�锛屾瘡骞寸稉(j墨ng)鐕�(y铆ng)鏀跺叆180000鍏冿紝缍�(j墨ng)鐕�(y铆ng)鎴愭湰100000鍏�锛屾湡鏈ō(sh猫)鍌欐畼鍊�18000鍏�銆傛柊鑸婅ō(sh猫)鍌欏潎閲囩敤鐩寸窔鎶樿垔锛屼紒妤�(y猫)鎵€寰楃▍鐜囩偤30%锛岃姹傜殑鏈€搴曞牨(b脿o)閰巼鐐�10%銆傝▓(j矛)绠椢擭CF銆佄擨RR骞舵焙绛栨槸鍚︽洿鏂般€�
鍥哄畾璩囩敘(ch菐n)鍑堝€�= 240000-锛�240000?12000锛�/10脳2 =194400鍏�
    螖鍘熷鎶曡硣= 360000?180000 =180000鍏�
    螖鎶樿垔椤�=[180000-锛�18000?12000锛�/8 =21750鍏�
  鑸婅ō(sh猫)鍌欐彁鍓嶅牨(b脿o)寤㈠噲鎼嶅け鎶垫笡鎵€寰楃▍=锛�194400?180000锛壝� 30% = 4320鍏�                    
  螖NCF0=-锛�360000-180000锛�=-180000鍏�
  螖NCF1=[锛�180000?120000锛�-锛�100000-80000锛�- 21750] 脳锛�1?30%锛�
+ 21750 + 4320=38845鍏�
  螖NCF2-7=[锛�180000?120000锛�-锛�100000-80000锛�- 21750]脳锛�1?30%锛�+ 21750
      =34525鍏�  
螖NCF8 =34525+锛�18000?12000锛�=40525鍏�
鐣�(d膩ng)i=10%鏅�(sh铆):
螖NPV =38845脳锛圥/F,10%,1锛� +34525脳[锛圥/A锛�10%锛�7锛�-锛圥/A锛�10%锛�1锛塢
+ 40525脳锛圥/F锛�10%锛�10锛�-180000
=38845脳0.9091+34525脳[4.8684?0.9091]+40525脳0.4665?180000
=10913.73鍏�
鐣�(d膩ng)i=12%鏅�(sh铆):
螖NPV =38845脳锛圥/F,12%,1锛� +34525脳[锛圥/A锛�12%锛�7锛�-锛圥/A锛�12%锛�1锛塢
+ 40525脳锛圥/F锛�12%锛�10锛�-180000
=38845脳0.8929+34525脳[4.5638-0.8929]+40525脳0.4039?180000
    =-2209.43鍏�
鍓�: 螖IRR=10%+[10913.73/锛�10913.73+2209.43锛塢脳锛�12%-10%锛�
      =11.66%
鍥�?y脿n)妫ｎ棿PV=10913.73]0锛屛擨RR=12.73% ]璩囬噾鎴愭湰鐜�10%,鎵€浠ュ彲浠ラ€�(j矛n)琛屾洿鏂版敼閫�銆�.

48,浼佹キ(y猫)鏈堿銆丅銆丆銆丏銆丒浜斿€�(g猫)鎶曡硣闋�(xi脿ng)鐩�锛屾湁闂�(gu膩n)鍘熷鎶曡硣椤�銆佸噲鐝�(xi脿n)鍊�銆佸噲鐝�(xi脿n)鍊肩巼銆佸拰鍏�(n猫i)閮ㄦ敹鐩婄巼鎸囨(bi膩o)濡備笅锛氾紙鍠綅锛氳惉鍏冿級
闋�(xi脿ng)鐩� 鍘熷鎶曡硣 鍑堢従(xi脿n)鍊糔PV 鍑堢従(xi脿n)鍊肩巼NPVR 鍏�(n猫i)閮ㄦ敹鐩婄巼IRR
A
B
C
D
E 300200200100100 120401002230 40%20%50%22%30% 18%21%40%19%35%
锛�1锛� 鍚勬柟妗堢偤浜掓枼鏂规锛屼紒妤�(y猫)婧�(zh菙n)鍌欐姇璩囧叾涓煇涓€鏂规锛岃硣閲戞垚鏈偤15%锛�
瑭插浣曢伕鎿囨姇璩囨柟妗�锛�
锛�2锛� 浼佹キ(y猫)鎶曡硣绺介涓嶅彈闄愬埗锛屾噳(y墨ng)瑭插浣曞畨鎺掓姇璩囨柟妗堬紵
锛�3锛� 浼佹キ(y猫)鎶曡硣绺介闄愬埗鍦�200銆�300銆�400銆�450銆�500銆�600銆�700銆�800銆�900
钀厓鏅�(sh铆)锛屾噳(y墨ng)瑭插浣曞畨鎺掓姇璩�锛�
锛�1锛� 鍥�?y脿n)妤﹂粶?xi脿ng)鐩姇璩囬涓嶇瓑锛屾墍浠ユ噳(y墨ng)瑭茬敤鈥滄姇璩囬脳锛堝収(n猫i)閮ㄦ敹鐩婄巼-璩囬噾鎴愭湰锛夋渶澶х殑鏂规浣滅偤鎶曡硣鏂规銆�
A闋�(xi脿ng)鐩細300脳锛�18%-15%锛�=9钀厓
B闋�(xi脿ng)鐩細200脳锛�21%-15%锛�=12钀厓
C闋�(xi脿ng)鐩細200脳锛�40%-15%锛�=50钀厓
D闋�(xi脿ng)鐩細100脳锛�19%-15%锛�=4钀厓
E闋�(xi脿ng)鐩細100脳锛�35%-15%锛�=20钀厓
鎵€浠ユ噳(y墨ng)瑭查伕鎿嘋闋�(xi脿ng)鐩€�(j矛n)琛屾姇璩�銆�

锛�2锛夌敱浜庝紒妤�(y猫)鎶曡硣绺介涓嶅彈闄愬埗锛屾墍浠ユ噳(y墨ng)瑭叉寜NPV澶у皬鐨勯爢搴忛€�(j矛n)琛屽畨鎺掓姇璩�锛屾墍浠ユ渶鍎�(y艒u)鎶曡硣绲勫悎鐐猴細A+C+B+E+D銆�
锛�3锛夌敱浜庝紒妤�(y猫)鎶曡硣绺介鍙楅檺鍒讹紝鎵€浠ユ噳(y墨ng)瑭叉寜NPVR鐨勫ぇ灏忛爢搴忓苟瑷�(j矛)绠椻垜NPV閫�(j矛n)琛屽畨鎺掓姇璩囷細
鎶曡硣绺介闄愬畾鍦�200钀厓鏅�(sh铆)锛氣垜NPV
B=40钀厓
C=100钀厓
E+D=30+22=52钀厓
鎵€浠ユ渶鍎�(y艒u)鎶曡硣绲勫悎鐐篊闋�(xi脿ng)鐩�銆�
鎶曡硣绺介闄愬畾鍦�300钀厓鏅�(sh铆)锛氣垜NPV
A=120钀厓
D+B=22+40=62钀厓
E+B=30+40=70钀厓
C+D=100+22=122钀厓
C+E=100+30=130钀厓
鎵€浠ユ渶鍎�(y艒u)鎶曡硣绲勫悎鐐篊+E闋�(xi脿ng)鐩�銆�
鎶曡硣绺介闄愬畾鍦�400钀厓鏅�(sh铆)锛氣垜NPV
A+D=120+22=142钀厓
A+E=120+30=150钀厓
C+B=100+40=140钀厓
E+D+B=30+22+40=92钀厓
C+E+D=100+30+22+152钀厓
鎵€浠ユ渶鍎�(y艒u)鎶曡硣绲勫悎鐐篊+E+D闋�(xi脿ng)鐩€�
鎶曡硣绺介闄愬畾鍦�450钀厓鏅�(sh铆)锛氭渶鍎�(y艒u)鎶曡硣绲勫悎鐐篊+E+D闋�(xi脿ng)鐩�銆傛鏅�(sh铆)绱▓(j矛)鎶曡硣椤嶇偤400钀厓灏忎簬450钀厓銆�
鎶曡硣绺介闄愬畾鍦�500钀厓鏅�(sh铆)锛氣垜NPV
A+B=120+40=160钀厓
C+A=100+120=220钀厓
A+E+D=120+30+22=172钀厓
C+D+B=100+22+40=162钀厓
C+E+B=100+30+40=170钀厓
鎵€浠ユ渶鍎�(y艒u)寰呮姇璩囩祫鍚堢偤C+A闋�(xi脿ng)鐩�銆�
鎶曡硣绺介闄愬畾鍦�600钀厓鏅�(sh铆)锛氣垜NPV
A+D+B=120+22+40=182钀厓
A+E+B=120+30+40=190钀厓
C+A+D=100+120+22=242钀厓
C+A+E=100+120+30=250钀厓
C+E+D+B=100+30+22+40=192钀厓
鎵€浠ユ渶鍎�(y艒u)鎶曡硣绲勫悎鐐篊+A+E闋�(xi脿ng)鐩�銆�
鎶曡硣绺介闄愬畾鍦�700钀厓鏅�(sh铆)锛氣垜NPV
C+A+B=100+120+40=260钀厓
A+E+D+B=120+30+22+40=212钀厓
C+A+E+D=100+120+30+22=272钀厓
鎵€浠ユ渶鍎�(y艒u)鎶曡硣绲勫悎鐐篊+A+E+D闋�(xi脿ng)鐩�銆�
鎶曡硣绺介闄愬畾鍦�800钀厓鏅�(sh铆)锛氣垜NPV
C+A+D+B=100+120+22+40=282钀厓
C+A+E+B=100+120+30+40=290钀厓
鎵€浠ユ渶鍎�(y艒u)鎶曡硣绲勫悎鐐篊+A+E+B闋�(xi脿ng)鐩�銆�
鎶曡硣绺介闄愬畾鍦�900钀厓鏅�(sh铆)锛氭姇璩囩附椤嶄笉鍙楅檺鍒�锛屾墍浠ユ噳(y墨ng)瑭叉寜NPV澶у皬鐨勯爢搴忛€�(j矛n)琛屽畨鎺掓姇璩�锛屾墍浠ユ渶鍎�(y艒u)鎶曡硣绲勫悎鐐猴細A+C+B+E+D銆�
49锛屼紒妤�(y猫)婧�(zh菙n)鍌欐姇璩囨煇鍌靛埜锛岄潰鍊�2000鍏�锛岀エ闈㈠埄鐜囩偤8%锛屾湡闄愮偤5骞�锛屼紒妤�(y猫)瑕佹眰鐨勫繀瑕佹姇璩囧牨(b脿o)閰巼鐐�10%锛�
灏变笅鍒楁浠惰▓(j矛)绠楀偟鍒哥殑鎶曡硣鍍�(ji脿)鍊硷細1锛屽偟鍒告瘡骞磋▓(j矛)鎭竴娆�2锛屽偟鍒稿埌鏈熶竴娆￠倓鏈粯鎭紝寰�(f霉)鍒╄▓(j矛)鎭�3锛屽偟鍒稿埌鏈熶竴娆￠倓鏈粯鎭�锛屽柈鍒╄▓(j矛)鎭�4锛屾姌鍍�(ji脿)鐧�(f膩)琛岋紝鍒版湡鍎熼倓鏈噾銆�

姣忓勾瑷�(j矛)鎭竴娆＄殑鍌靛埜鎶曡硣鍍�(ji脿)鍊�
=2000脳锛圥/F锛�10%,5锛�+ 2000脳8%脳锛圥/A,10%,5锛�
=2000脳0.6209+2000脳8%+3.7908=1848.33锛堝厓锛�
锛�2锛変竴娆￠倓鏈粯鎭京(f霉)鍒╄▓(j矛)鎭殑鍌靛埜鎶曡硣鍍�(ji脿)鍊�
=2000脳锛團/P锛�8%锛�5锛壝� 锛圥/A,10%,5锛�
=2000脳1.4693脳0.6209=1824.58锛堝厓锛�
锛�3锛変竴娆￠倓鏈粯鎭柈鍒╄▓(j矛)鎭殑鍌靛埜鎶曡硣鍍�(ji脿)鍊�
=2000脳锛�1+8%脳5锛壝楋紙P/F,10%,5锛�
=2000脳1.4脳0.6209=1738.52锛堝厓锛�
锛�4锛夋姌鍍�(ji脿)鐧�(f膩)琛岀劇鎭殑鍌靛埜鎶曡硣鍍�(ji脿)鍊�
=2000脳锛圥/F,10%,5锛�
=2000脳0.6209=1241.80锛堝厓锛�

50锛屼紒妤�(y猫)婧�(zh菙n)鍌欐姇璩囨煇鑲＄エ锛屼笂骞存瘡鑲¤偂鍒╃偤0.45鍏�锛屼紒妤�(y猫)鐨勬湡鏈涘繀瑕佹姇璩囧牨(b脿o)閰巼鐐�20%锛屽氨涓嬪垪姊濅欢瑷�(j矛)绠楄偂绁ㄧ殑鎶曡硣鍍�(ji脿)鍊硷細1锛屾湭渚嗕笁骞寸殑姣忚偂鑲″埄鍒嗗垾鐐�0.45鍏�,0.60鍏�,0.80鍏�,涓夊勾鍚庝互28鍏冪殑鍍�(ji脿)鏍煎嚭鍞�2锛屾湭渚嗕笁骞寸殑姣忚偂鑲″埄鐐�0.45鍏�锛屼笁骞村悗浠ユ瘡鑲�28鍏冪殑鍍�(ji脿)鏍煎嚭鍞�3锛岄暦(zh菐ng)鏈熸寔鏈�锛岃偂鍒╀笉璁�4锛岄暦(zh菐ng)鏈熸寔鏈�锛屾瘡鑲¤偂鍒╂瘡骞翠繚鎸�18%鐨勫闀�(zh菐ng)鐜�
锛�1锛夋湭渚嗕笁骞寸殑姣忚偂鑲″埄鍒嗗垾鐐�0.45鍏�,0.60鍏�,0.80鍏�,涓夊勾鍚庝互28鍏冪殑鍍�(ji脿)鏍煎嚭鍞殑鎶曡硣鍍�(ji脿)鍊�
=0.45脳锛圥/F,20%,1锛�+0.60脳锛圥/F,20%,2锛�+0.80脳锛圥/F,20%,3锛�+28脳锛圥/F,20%3锛�
=0.45脳0.8333+0.6脳0.6944+0.8脳0.5787+28脳0.5787
=17.36锛堝厓锛�
锛�2锛夋湭渚嗕笁骞寸殑姣忚偂鑲″埄鐐�0.45鍏�锛屼笁骞村悗浠ユ瘡鑲�28鍏冪殑鍍�(ji脿)鏍煎嚭鍞殑鎶曡硣鍍�(ji脿)鍊�
=0.45锛圥/A,20%,3锛�+28锛圥/F,20%,3锛�
=0.45脳2.1065+28脳0.5787=17.15锛堝厓锛�
锛�3锛夐暦(zh菐ng)鏈熸寔鏈夛紝鑲″埄涓嶈畩鐨勬姇璩囧児(ji脿)鍊�
=0.45 / 20% =2.25 锛堝厓锛�
锛�4锛夐暦(zh菐ng)鏈熸寔鏈�锛屾瘡鑲¤偂鍒╂瘡骞翠繚鎸�18%鐨勫闀�(zh菐ng)鐜�
=[0.45脳锛�1+18%锛塢/锛�20%-18%锛�=26.55锛堝厓锛�

51锛屼紒妤�(y猫)鐩墠鎶曡硣A銆丅銆丆涓夌ó鑲＄エ锛屽畠鍊戠殑尾绯绘暩(sh霉)鍒嗗垾鐐�2.4,1.8,0.6瀹冨€戠殑鎶曡硣绲勫悎姣旈噸鍒嗗垾鐐�30%銆�50%銆�20%锛岃偂绁ㄥ競鍫�(ch菐ng)鐨勫钩鍧囨敹鐩婄巼鐐�24%锛屽湅(gu贸)鍌电殑骞冲潎鎶曡硣鏀剁泭鐜囩偤8%锛屽垎鍒ヨ▓(j矛)绠�1锛岀祫鍚埼茬郴鏁�(sh霉)2锛岄ⅷ(f膿ng)闅�(xi菐n)鏀剁泭鐜�3锛屾姇璩囨敹鐩婄巼
锛�1锛夎偂绁ㄧ祫鍚堢殑尾绯绘暩(sh霉)=危鏌愯偂绁ㄎ茬郴鏁�(sh霉)脳鏌愯偂绁ㄦ瘮閲�
=2.4脳30%+1.8脳50%+1.6脳20%
=0.72+0.90+0.12=1.74
锛�2锛夎偂绁ㄧ祫鍚堢殑棰�(f膿ng)闅�(xi菐n)鏀剁泭鐜�=绲勫悎尾绯绘暩(sh霉)脳锛堝競鍫�(ch菐ng)骞冲潎鏀剁泭鐜� ? 鐒￠ⅷ(f膿ng)闅�(xi菐n)鏀剁泭鐜囷級
=1.74脳锛�24%-8%锛�
=1.74脳16%=27.84%
锛�3锛夎偂绁紙蹇呰锛夋姇璩囨敹鐩婄巼=鐒￠ⅷ(f膿ng)闅�(xi菐n)鏀剁泭鐜� + 绲勫悎尾绯绘暩(sh霉)锛堝競鍫�(ch菐ng)骞冲潎鏀剁泭鐜� ? 鐒￠ⅷ(f膿ng)闅�(xi菐n)鏀剁泭鐜囷級
=8% + 1.74脳锛�24%-8%锛�
=8%+1.74脳16%=35.84%

52锛屾煇鍏徃鐝�(xi脿n)閲戠殑鏀舵敮鐙€娉佹瘮杓冪┅(w臎n)瀹�锛岃▓(j矛)鍔冨叏骞寸殑鐝�(xi脿n)閲戦渶姹傞噺鐐�1锛�440,000鍏�锛岀従(xi脿n)閲戣垏鏈夊児(ji脿)璀夊埜鐨勬瘡娆¤綁(zhu菐n)鎻涙垚鏈偤800鍏�锛屾湁鍍�(ji脿)璀夊埜鐨勫埄鐜囩偤16%锛�
瑕佹眰瑷�(j矛)绠楋細1锛屼紒妤�(y猫)鐩墠鎸佹湁鐝�(xi脿n)閲�240锛�000鍏冿紝鍓囨(j墨)鏈�(hu矛)鎴愭湰銆佽綁(zhu菐n)鎻涙垚鏈拰鐝�(xi脿n)閲戠鐞嗙附鎴愭湰鍚勭偤澶氬皯鍏冦€�2锛岀従(xi脿n)閲戠殑鏈€浣虫寔鏈夐噺鐐哄灏戝厓锛熸湁鍍�(ji脿)璀夊埜鐨勪氦鏄撴鏁�(sh霉)鐐哄灏戞锛熶氦鏄撶殑鏅�(sh铆)闁撻枔闅斿ぉ鏁�(sh霉)鐐哄灏戝ぉ锛�3銆佹渶浣庣殑绠＄悊鎴愭湰鐐哄灏戝厓锛熷叾涓(j墨)鏈�(hu矛)鎴愭湰銆佽綁(zhu菐n)鎻涙垚鏈悇鐐哄灏戝厓锛�

1銆佷紒妤�(y猫)鐩墠鎸佹湁鐝�(xi脿n)閲�240000鍏�锛�
  姗�(j墨)鏈�(hu矛)鎴愭湰=240000/2脳16%=19200锛堝厓锛�
  杞�(zhu菐n)鎻涙垚鏈�=1440000/240000脳800=4800锛堝厓锛�
  鐝�(xi脿n)閲戠鐞嗙浉闂�(gu膩n)绺芥垚鏈�=19200+4800=24000锛堝厓锛�
2銆佺従(xi脿n)閲戠殑鏈€浣虫寔鏈夐噺=锛�2脳1440000脳800/16%锛�1/2
              =120000锛堝厓锛�
鏈夊児(ji脿)璀夊埜浜ゆ槗娆℃暩(sh霉)=1440000/120000=12锛堟锛�
浜ゆ槗鏅�(sh铆)闁撻枔闅斿ぉ鏁�(sh霉)=360/12 =30锛堝ぉ锛�

3銆佹渶浣庣鐞嗘垚鏈�=锛�2脳1440000脳800脳16%锛�1/2
            =19200锛堝厓锛�
    姗�(j墨)鏈�(hu矛)鎴愭湰=120000/2脳16%=9600锛堝厓锛�
    杞�(zhu菐n)鎻涙垚鏈�=1440000/120000脳800=9600锛堝厓锛�

53,鏌愪紒妤�(y猫)2000骞磋硳閵峰噲椤嶇偤240钀厓锛屾噳(y墨ng)鏀跺赋娆惧钩鍧囨敹娆惧ぉ鏁�(sh霉)鐐�45澶�锛屼紒妤�(y猫)璁婂嫊(d貌ng)鎴愭湰鐜囩偤60%锛岀ぞ鏈�(hu矛)璩囬噾鎴愭湰鐜囩偤15%锛屽墖鎳�(y墨ng)鏀跺赋娆剧殑鍛ㄨ綁(zhu菐n)鐜�銆佸钩鍧囦綑椤嶃€佺董鎸佽硳閵锋キ(y猫)鍕�(w霉)鎵€闇€鐨勮硣閲戝強姗�(j墨)鏈�(hu矛)鎴愭湰鍒嗗垾鐐虹偤澶氬皯锛�
鎳�(y墨ng)鏀惰超娆惧钩鍧囦綑椤�=锛�240脳45锛�/360=30锛堣惉鍏冿級
缍寔璩掗姺妤�(y猫)鍕�(w霉)鎵€闇€璩囬噾=30脳60%=18锛堣惉鍏冿級
姗�(j墨)鏈�(hu矛)鎴愭湰=18脳15%=2.7锛堣惉鍏冿級
姗�(j墨)鏈�(hu矛)鎴愭湰=[锛�240 脳45锛�/360]脳60%脳15% =2.7锛堣惉鍏冿級

54锛屾煇鍏徃鐩墠瑷�(j矛)鍔冨晢鍝佽硳閵峰噲椤嶇偤480钀厓锛屾噳(y墨ng)鏀跺赋娆剧殑骞冲潎鏀舵鏈熺偤30澶�锛屼笉鑰冩叜鐝�(xi脿n)閲戞姌鎵ｏ紝浣嗕及瑷�(j矛)鐨勭殑澹炲赋鎼嶅け鍗犺硳閵峰噲椤嶇殑4%锛屽叏骞寸殑鏀跺赋璨�(f猫i)鐢ㄤ及瑷�(j矛)鐐�5钀厓銆傚鏋滃皣鎳�(y墨ng)鏀跺赋娆剧殑鏀舵鏈熸彁楂樺埌60澶╋紝涔熶笉鑰冩叜鐝�(xi脿n)閲戞姌鎵�锛屽墖鍟嗗搧鐨勮硳閵峰噲椤嶅皣鐐�720钀厓锛屼絾浼拌▓(j矛)鐨勫甯虫悕澶卞崰鍟嗗搧璩掗姺鍑堥鐨�5%锛屽叏骞寸殑鏀跺赋璨�(f猫i)鐢ㄧ偤8钀厓銆備紒妤�(y猫)鐨勮畩鍕�(d貌ng)鎴愭湰鐜囩偤70%锛屾湁鍍�(ji脿)璀夊埜鐨勫埄鎭巼鐐�12%銆備紒妤�(y猫)鎳�(y墨ng)鑰冩叜鐨勪俊鐢ㄦ敹娆炬湡鐐哄灏戝ぉ锛�
骞冲潎鏀舵鏈熺偤30澶�:
淇＄敤鎴愭湰鍓嶇殑鏀剁泭=480脳锛�1-70%锛�=144钀厓
姗�(j墨)鏈�(hu矛)鎴愭湰=锛�480脳30/360锛壝�70%脳12%=3.36钀厓
绠＄悊鎴愭湰=5钀厓
澹炲赋鎴愭湰=480脳4%=19.2钀厓
淇＄敤鎴愭湰鍚庣殑鏀剁泭=144-3.36-5-19.2=116.44钀厓
骞冲潎鏀舵鏈熺偤60澶�:
淇＄敤鎴愭湰鍓嶇殑鏀剁泭=720脳锛�1-70%锛�=216钀厓
姗�(j墨)鏈�(hu矛)鎴愭湰=锛�720脳60/360锛� 脳70%脳12%=10.08钀厓
绠＄悊鎴愭湰=8钀厓
澹炲赋鎴愭湰=720脳5%=36钀厓
淇＄敤鎴愭湰鍚庣殑鏀剁泭=216-10.08-8-36=161.92钀厓
鎵€浠�,骞冲潎鏀舵鏈熺偤30澶╃殑淇＄敤鎴愭湰鍚庣殑鏀剁泭116.44钀厓灏忎簬閲囩敤60澶╃殑鏀跺赋鏈熺殑淇＄敤鎴愭湰鍚庣殑鏀剁泭161.92钀厓銆備紒妤�(y猫)鎳�(y墨ng)鑰冩叜60澶╃殑鏀舵鏈熴€�

鍒€娉細璜稿姹備俊鐢ㄥ懆杞�(zhu菐n)鏈熺殑鍟忛锛屼富瑕佸氨鏄畻涓€涓嬩笉鍚屾柟妗堜俊鐢ㄦ垚鏈悗鏀剁泭澶у皬鐨勫晱椤�銆�

55锛屾煇浼佹キ(y猫)鐩墠鍟嗗搧璩掗姺鍑堥鐐�5锛�400锛�000鍏冿紝鎳�(y墨ng)鏀跺赋娆剧殑骞冲潎鏀舵澶╂暩(sh霉)鐐�45澶�锛岀劇鐝�(xi脿n)閲戞姌鎵�锛屽甯虫悕澶卞崰璩掗姺鍑堥鐨�8%锛屽叏骞寸殑鏀跺赋璨�(f猫i)鐢ㄧ偤75锛�000鍏�?锛孎(xi脿n)瑷�(j矛)鍔冭€冩叜灏囦俊鐢ㄦ浠惰(di脿o)鏁寸偤锛�5/10锛�2/30锛孨/60锛夛紝闋�(y霉)瑷�(j矛)鏈�30%鐨勫鎴跺湪10澶╁収(n猫i)浠樻锛屾湁50%鐨勫鎴跺湪30澶╁収(n猫i)浠樻锛屾湁20%鐨勫鎴跺湪60澶╁収(n猫i)浠樻銆傛敼璁婁俊鐢ㄦ浠跺悗锛屽晢鍝佽硳閵峰噲椤嶅彲閬�(d谩)鍒�7锛�200锛�000鍏冿紝澹炲赋鎼嶅け鍗犺硳閵峰噲椤嶇殑6%锛屽叏骞寸殑鏀跺赋璨�(f猫i)鐢ㄧ偤52锛�000鍏�銆備紒妤�(y猫)鐨勮畩鍕�(d貌ng)鎴愭湰鐜囩偤65%锛岃硣閲戞垚鏈巼鐐�14%锛屼紒妤�(y猫)鏄惁瑕佹敼璁婁俊鐢ㄦ(bi膩o)婧�(zh菙n)锛�

鎳�(y墨ng)鏀跺赋娆剧殑骞冲潎鏀舵澶╂暩(sh霉)鐐�45澶╋紝鐒＄従(xi脿n)閲戞姌鎵ｏ細
淇＄敤鎴愭湰鍓嶇殑鏀剁泭=5400000脳锛�1-65%锛�=1890000鍏�
姗�(j墨)鏈�(hu矛)鎴愭湰=锛�5400000脳45/360锛壝�65%脳14%=61425鍏�
绠＄悊鎴愭湰=75000鍏�
澹炲赋鎴愭湰=5400000脳8%=432000鍏�
淇＄敤鎴愭湰鍚庣殑鏀剁泭=1890000-61425-75000-432000=1321575鍏�

鏀硅畩淇＄敤姊濅欢锛屾湁鐝�(xi脿n)閲戞姌鎵ｏ細
鎳�(y墨ng)鏀跺赋娆惧钩鍧囨敹娆炬湡=10脳30%+30脳50%+60脳20%=30澶�
鐝�(xi脿n)閲戞姌鎵�=7200000脳锛�5%脳30%+2%脳50%锛�=180000鍏�
淇＄敤鎴愭湰鍓嶇殑鏀剁泭=7200000脳锛�1-65%锛�-180000=2340000鍏�
姗�(j墨)鏈�(hu矛)鎴愭湰=锛�7200000脳30/360锛壝�65%脳14%=54600鍏�
绠＄悊鎴愭湰=52000鍏�
澹炲赋鎴愭湰=7200000脳6%=432000鍏�
淇＄敤鎴愭湰鍚庣殑鏀剁泭=2340000-54600-52000-432000=1801400鍏�
鎵€浠�锛屾敼璁婁俊鐢ㄦ浠跺墠鐨勪俊鐢ㄦ垚鏈悗鏀剁泭鐐�1321575鍏冨皬浜庢敼璁婁俊鐢ㄦ浠跺悗鐨勪俊鐢ㄦ垚鏈悗鏀剁泭鐐�18014000鍏�锛屽彲浠ユ敼璁婁俊鐢ㄦ(bi膩o)婧�(zh菙n)銆�

56锛屾煇鍏徃鍟嗗搧璩掗姺鍑堥鐐�960钀厓锛岃畩鍕�(d貌ng)鎴愭湰鐜囩偤65%锛岃硣閲戝埄鐜囩偤20%锛屽湪鐝�(xi脿n)鏈夌殑鏀跺赋鏀跨瓥涓�锛屽叏骞寸殑鏀跺赋璨�(f猫i)鐢ㄧ偤10钀厓锛屽甯虫悕澶辩巼鐐�8%锛屽钩鍧囨敹娆惧ぉ鏁�(sh霉)鐐�72澶┿€傚鏋滄敼璁婃敹甯虫斂绛栵紝鍏ㄥ勾鐨勬敹甯宠不(f猫i)鐢ㄧ偤16钀厓锛屽甯虫悕澶辩巼鐐�5%锛屽钩鍧囨敹娆惧ぉ鏁�(sh霉)鐐�45澶�銆備紒妤�(y猫)鏄惁瑕佹敼璁婃敹甯虫斂绛栵紵
鍘熶締鏀跺赋鏀跨瓥鐨勪俊鐢ㄦ垚鏈細
姗�(j墨)鏈�(hu矛)鎴愭湰=锛�960脳72/360锛壝�65%脳20%=24.96钀厓
绠＄悊鎴愭湰=10钀厓
澹炲赋鎴愭湰=960脳8%=76.8钀厓
淇＄敤鎴愭湰=24.96+10+76.8=111.76钀厓
鏀硅畩鏀跺赋鏀跨瓥鐨勪俊鐢ㄦ垚鏈�:
姗�(j墨)鏈�(hu矛)鎴愭湰=锛�960脳45/360锛� 脳65%脳20%=15.6钀厓
绠＄悊鎴愭湰=16钀厓
澹炲赋鎴愭湰=960脳5%=48钀厓
淇＄敤鎴愭湰=15.6+16+48=79.6钀厓
鎵€浠�,鍦ㄥ師渚嗘敹甯虫斂绛栦笅鐨勪俊鐢ㄦ垚鏈偤111.76钀厓,鏀硅畩鏀跺赋鏀跨瓥鍚庣殑淇＄敤鎴愭湰鐐�79.6钀厓.鍙互鏀硅畩鏀跺赋鏀跨瓥銆�

57锛屾煇鍏徃鍏ㄥ勾闇€瑕佺敳鏉愭枡720锛�000鍗冨厠锛屾瘡娆＄殑閲囪臣(g貌u)璨�(f猫i)鐢ㄧ偤800鍏冿紝姣忓崈鍏嬬殑鏉愭枡淇濈璨�(f猫i)鐐�0.08鍏�銆傝姹傝▓(j矛)绠楋細1锛屾瘡娆￠噰璩�(g貌u)鏉愭枡6锛�000鍗冨厠锛屽墖鍎�(ch菙)瀛樻垚鏈�銆侀€�(j矛n)璨ㄨ不(f猫i)鐢ㄥ強瀛樿波绺芥垚鏈偤澶氬皯鍏�锛�2锛岀稉(j墨ng)婵�(j矛)鎵归噺鐐哄灏戝崈鍏�锛熷叏骞撮€�(j矛n)璨ㄦ鏁�(sh霉)鐐哄灏戞锛熼€�(j矛n)璨ㄩ枔闅旀檪(sh铆)闁撶偤澶氬皯澶�锛�3锛屾渶浣庣殑瀛樿波鎴愭湰鐐哄灏戝厓锛熷叾涓劜(ch菙)瀛樻垚鏈€侀€�(j矛n)璨ㄨ不(f猫i)鐢ㄧ偤澶氬皯鍏冿紵
1銆佸劜(ch菙)瀛樻垚鏈�=6000/2脳0.08 = 240锛堝厓锛�
    閫�(j矛n)璨ㄨ不(f猫i)鐢�=锛�720000/6000锛壝�800=96000锛堝厓锛�
    瀛樿波鐩搁棞(gu膩n)绺芥垚鏈� = 240 +96000 =96240锛堝厓锛�
2銆佸瓨璨ㄧ稉(j墨ng)婵�(j矛)閫�(j矛n)璨ㄦ壒閲� = 锛�2脳720000脳800 / 0.08 锛�1 / 2 =120000锛堝崈鍏嬶級
鍏ㄥ勾閫�(j矛n)璨ㄦ鏁�(sh霉)=720000/120000=6锛� 娆★級
    閫�(j矛n)璨ㄩ枔闅旀檪(sh铆)闁�= 360 / 6 =60锛堝ぉ锛�
3銆佹渶浣庡瓨璨ㄦ垚鏈�=锛�2脳720000脳800脳0.08锛�1/2 =9600锛堝厓锛�
      鍎�(ch菙)瀛樻垚鏈�= 120000/2 脳 0.08 = 4800锛堝厓锛�
      閫�(j矛n)璨ㄨ不(f猫i)鐢�=720000/120000*6 = 4800锛堝厓锛�
58锛屾煇浼佹キ(y猫)A鏉愭枡鐨勫叏骞撮渶姹傞噺鐐�360锛�000鍗冨厠锛屾瘡鍗冨厠鐨勯€�(j矛n)鍍�(ji脿)妯�(bi膩o)婧�(zh菙n)鍍�(ji脿)鐐�24鍏�锛屼緵璨ㄥ晢瑕�(gu墨)瀹氾細濡傛灉姣忔閲囪臣(g貌u)90锛�000鍗冨厠浠ヤ笂180锛�000鍗冨厠浠ヤ笅鐨�锛屽児(ji脿)鏍煎劒(y艒u)鎯�4%锛涘鏋滄瘡娆￠噰璩�(g貌u)180锛�000鍗冨厠浠ヤ笂锛屽児(ji脿)鏍煎劒(y艒u)鎯�5%?锛孎(xi脿n)鍦ㄦ瘡娆℃潗鏂欓噰璩�(g貌u)璨�(f猫i)鐢ㄧ偤1锛�600鍏�锛屾瘡鍗冨厠鐨勫劜(ch菙)瀛樻垚鏈偤1.28鍏�銆傚墖瀛樿波鐨勬渶浣抽€�(j矛n)璨ㄦ壒閲忕偤澶氬皯鍗冨厠锛�
缍�(j墨ng)婵�(j矛)閫�(j矛n)璨ㄦ壒閲�=锛�2脳360000脳1600/1.28锛�1/2= 30 000锛堝崈鍏嬶級
姣忔閫�(j矛n)璨�30 000鍗冨厠鏅�(sh铆)瀛樿波鐩搁棞(gu膩n)绺芥垚鏈偤锛�
瀛樿波鐩搁棞(gu膩n)绺芥垚鏈�=360000脳24+锛�360000/30000锛壝�1600+锛�30000/2锛壝�1.28
            = 8 678 400 锛堝厓锛�
  姣忔閫�(j矛n)璨�90 000鍗冨厠鏅�(sh铆)瀛樿波鐩搁棞(gu膩n)绺芥垚鏈偤锛�
  瀛樿波鐩搁棞(gu膩n)绺芥垚鏈�=360000脳24脳锛�1?4%锛�+锛�360000/90000锛壝�1600 +锛�90000 / 2锛壝�1.28 = 8358400 锛堝厓锛�
姣忔閫�(j矛n)璨�180 000鍗冨厠鏅�(sh铆)瀛樿波鐩搁棞(gu膩n)绺芥垚鏈偤
瀛樿波鐩搁棞(gu膩n)绺芥垚鏈�=360000脳24脳锛�1?5%锛�+锛�360000 / 180000锛壝�1600 +锛�180000 / 2 锛壝�1.28=8326400锛堝厓锛�
閫氶亷姣旇純鐧�(f膩)鐝�(xi脿n)锛屾瘡娆￠€�(j矛n)璨ㄧ偤180000鍗冨厠鏅�(sh铆)鐨勫瓨璨ㄧ浉闂�(gu膩n)绺芥垚鏈渶浣庯紝姝ゆ檪(sh铆)鏈€浣崇稉(j墨ng)婵�(j矛)閫�(j矛n)璨ㄦ壒閲忕偤180000鍗冨厠銆�

59锛屾煇浼佹キ(y猫)鍏ㄥ勾闇€瑕丅鏉愭枡640锛�000鍗冨厠锛屾瘡娆￠€�(j矛n)璨ㄨ不(f猫i)鐢ㄧ偤800鍏�锛屾瘡鍗冨厠鐨勫劜(ch菙)瀛樻垚鏈偤9鍏�锛屾瘡鍗冨厠鐨勭己璨ㄦ垚鏈偤3鍏�锛屽墖鍏佽ū缂鸿波鎯呮硜涓嬬殑缍�(j墨ng)婵�(j矛)鎵归噺鍜屽钩鍧囩己璨ㄩ噺鍊�(g猫)鐐哄灏戝崈鍏�锛�
鍏佽ū缂鸿波缍�(j墨ng)婵�(j矛)鎵归噺=[2脳640000脳800/9脳锛�9+3锛�/ 3]]1/2 = 21333.33锛堝崈鍏嬶級
  骞冲潎缂鸿波閲�=21333.33 脳 9/锛�9+3锛�=21333.33 脳 0.75 = 16 000锛堝崈鍏嬶級

60锛屾煇鍟嗗搧娴侀€氫紒妤�(y猫)璩�(g貌u)閫�(j矛n)C鍟嗗搧3600浠�锛屾瘡浠堕€�(j矛n)鍍�(ji脿)80鍏�锛屾瘡浠跺敭鍍�(ji脿)100鍏�銆傜稉(j墨ng)閵疯┎鎵瑰晢鍝佺殑涓€娆℃€ц不(f猫i)鐢ㄧ偤20锛�000鍏�銆傝波娆惧潎渚嗚嚜閵€琛屽€熸锛屽勾鍒╃巼鐐�7.2%銆傚晢鍝佺殑鏈堜繚绠¤不(f猫i)鐜囩偤3.6鈥�锛屽晢鍝佺殑閵峰敭绋呴噾鐜囩偤3鈥�銆傝姹傝▓(j矛)绠楋細1锛屼繚鏈劜(ch菙)瀛樻湡2锛屼紒妤�(y猫)瑕佹眰3%鐨勬姇璩囧埄娼�(r霉n)鐜囷紝淇濆埄鍎�(ch菙)瀛樻湡3锛岃┎鍟嗗搧瀵�(sh铆)闅涘劜(ch菙)瀛樹簡120澶�锛岀泩铏ч鐐哄灏戝厓锛�4锛岃┎鍟嗗搧铏ф悕浜�2400鍏冿紝瀵�(sh铆)闅涘劜(ch菙)瀛樹簡澶氬皯澶�锛�
姣忔棩璨�(f猫i)鐢�=3600脳80脳锛�7.2%/360+3鈥�/30锛�=92.16 锛堝厓锛�
淇濇湰鍎�(ch菙)瀛樻湡=[3600脳锛�100-80锛�- 3600脳100脳3鈥� ? 20000]/92.16
        =553澶�
淇濆埄鍎�(ch菙)瀛樻湡=553?3600脳80脳3%/92.16=553?93.75=459 澶�
瀵�(sh铆)闅涚泩铏ч=92.16脳锛�553-120锛�=92.16脳433 =39905.28 鍏�
瀵�(sh铆)闅涘劜(ch菙)瀛樻湡= 553-锛�-2400锛�/92.16 = 553 + 26=579澶�

61锛屾煇鍟嗘キ(y猫)浼佹キ(y猫)锛岃臣(g貌u)閫�(j矛n)鍟嗗搧4000浠�锛屾瘡浠堕€�(j矛n)鍍�(ji脿)1000鍏�锛屾瘡浠跺敭鍍�(ji脿)1250鍏�锛岃波娆惧潎渚嗚嚜閵€琛�锛屽勾鍒╃巼14.4%锛屽晢鍝佺殑鏈堜繚绠¤不(f猫i)27000鍏�锛屽浐瀹氬劜(ch菙)瀛樿不(f猫i)鐢�400 000鍏�锛岄姺鍞▍閲戝強闄勫姞鐐�250 000鍏�锛屽垎鍒ヨ▓(j矛)绠楋紙1锛夊钩鍧囦繚鏈湡锛堟寚瑕佹眰瑷�(j矛)绠楀劜(ch菙)瀛樻湡鐐哄灏戝ぉ锛夛紙2锛夊鏋滆┎鍟嗗搧鏈€绲傚(sh铆)鐝�(xi脿n)鍒╂饯(r霉n)100000鍏�锛屽墖瑷�(j矛)绠楀钩鍧囧劜(ch菙)瀛樻湡銆佸(sh铆)闅涢浂鍞ぉ鏁�(sh霉)銆佹棩鍧囬姺閲忓垎鍒ョ偤澶氬皯锛燂紙3锛夊鏋滈姺鍞┎鍟嗗搧锛岃櫑鎼�75000鍏�锛屽墖瀵�(sh铆)闅涢浂鍞ぉ鏁�(sh霉)銆佹棩鍧囬姺閲忓垎鍒ョ偤澶氬皯锛燂紙4锛夐浂鍞┎鍟嗗搧瀵�(sh铆)闅涢浂鍞ぉ鏁�(sh霉)鐐�109澶�锛屾渶绲傜殑鐩堣櫑椤嶇偤澶氬皯鍏�锛燂紙5锛夊鏋滅稉(j墨ng)閵疯┎鍟嗗搧锛屾棩鍧囬姺閲忕偤25浠�锛屾渶绲傜泩铏ч鐐哄灏戝厓锛�
姣忔棩璨�(f猫i)鐢�=4000脳1000脳14.4% / 360 + 27000 /30=2500锛堝厓锛�
锛�1锛夊钩鍧囦繚鏈湡锛堝劜(ch菙)瀛樻湡锛�=[锛�4000 脳 1250 ? 4000 脳 1000锛�- 400 000 ? 250000 ] / 2500=140 锛堝ぉ锛�
锛�2锛夎ō(sh猫)骞冲潎鍎�(ch菙)瀛樻湡鐐� X
    鍓囷細100000 = 2500脳锛�140 ? X锛� X= 100 锛堝ぉ锛�
骞冲潎瀵�(sh铆)闅涘劜(ch菙)瀛樻湡=100锛堝ぉ锛�
瑷�(sh猫)瀵�(sh铆)闅涢浂鍞ぉ鏁�(sh霉) 鐐篩锛�
  鍓囷細100 =锛圷 + 1锛�/ 2   Y =199 锛堝ぉ锛�
瀵�(sh铆)闅涢浂鍞ぉ鏁�(sh霉)=199锛堝ぉ锛�
鏃ュ潎閵烽噺= 4000 / 199 = 20 锛堜欢锛�
锛�3锛夐浂鍞ぉ鏁�(sh霉)鐐篨
鍓囷細- 75000 = 2500 脳 [ 140 -锛� X+1锛�/ 2 ]   X = 339 锛堝ぉ锛�
  瀵�(sh铆)闅涢浂鍞ぉ鏁�(sh霉)鐐�339澶�
鏃ュ潎閵烽噺= 4000 / 339= 10锛堜欢锛�
锛�4锛夊(sh铆)闅涚泩铏ч= 2500脳[140-锛�109 + 1锛�/2]=212500 锛堝厓锛�
锛�5锛夊(sh铆)闅涚泩铏ч= 2500脳[140-锛圼4000/25]+1锛�/2]=147500 锛堝厓锛�

鍒€娉細閫欑ó鍟忛鐨勯亱(y霉n)绠楋紝涓嶆槑鐧戒篃涓嶈鍘昏拷鐐轰粈涔�锛岃浣忎笂渚嗗厛绠楁瘡鏃ヨ畩鍕�(d貌ng)鍎�(ch菙)瀛樿不(f猫i)锛岃娉ㄦ剰鏈夌殑绲︾殑鏄瘮鐜囨湁鐨勬槸璨�(f猫i)鐢紱鍚屾ǎ鐨勯亾鐞�锛岀畻鐝�(xi脿n)閲戞祦閲忔檪(sh铆)锛岄鍏堣鎶婃姌鑸婂紕鍑轰締銆備笉鏄庣櫧涓嶈绶婏紝鑳界畻浠€涔堢畻浠€涔�銆�

62锛屾煇闆跺敭鍟嗗搧娴侀€氫紒妤�(y猫)璩�(g貌u)閫�(j矛n)鍟嗗搧2000浠讹紝姣忎欢閫�(j矛n)鍍�(ji脿)1000鍏�锛屾瘡浠跺敭鍍�(ji脿)1250鍏�銆傝┎璨ㄦ鍧囦締鑷妧琛屽瓨娆�锛屾湀鍒╃巼鐐�12%锛屾湀瀛樿波淇濈璨�(f猫i)鐐�9420鍏�锛屽浐瀹氬劜(ch菙)瀛樹繚绠¤不(f猫i)鐐�200000鍏冿紝鍟嗗搧閵峰敭绋呴噾鍙婇檮鍔�125000鍏�銆傝姹傝▓(j矛)绠楋細1锛屼繚鏈劜(ch菙)瀛樻湡2锛屽鏋滆┎鍟嗗搧瀵�(sh铆)鐝�(xi脿n)鍒╂饯(r霉n)鐐�50000鍏�锛屽墖瑭插晢鍝佺殑鏃ュ潎閵烽噺澶氬皯浠�锛熼姺鍞灏戝ぉ锛�
姣忔棩璨�(f猫i)鐢�=2000脳1000脳12% / 30 + 9420 / 30=8314锛堝厓锛夛紞锛嶏紞锛嶅垁娉細鍏堢畻閫欐锛屾案閬�(yu菐n)涓嶈畩
1銆佷繚鏈劜(ch菙)瀛樻湡=[2000脳锛�1250?1000锛�-200000?125000] /8314= 21 锛堝ぉ锛�
2銆佽ō(sh猫)骞冲潎鍎�(ch菙)瀛樻湡鐐� X 锛�
鍓囷細50000= 8314脳锛�21?X锛�   X=15锛堝ぉ锛�
    骞冲潎鍎�(ch菙)瀛樻湡鐐�15澶�
瑷�(sh猫)瀵�(sh铆)闅涢姺鍞ぉ鏁�(sh霉)鐐篩锛�
鍓囷細15 =锛圷+ 1锛�/2   Y= 29 锛堝ぉ锛�
瀵�(sh铆)闅涢浂鍞ぉ鏁�(sh霉)鐐�29澶�
鏃ュ潎閵烽噺= 2000 / 29=69锛堜欢锛�
鍒€娉細姝ら鍟忛閭勮娉ㄦ剰涓€瀹氳瑷樺緱鐪嬩竴涓嬫姮闋槸闆跺敭浼佹キ(y猫)閭勬槸鎵归€�(j矛n)鎵瑰嚭锛�

63锛屾煇鍏徃2000骞存彁鍙栧叕绌嶉噾銆佸叕鐩婇噾鍚庣殑鍑堝埄娼�(r霉n)鐐�1240钀厓锛岃▓(j矛)鍔�2001骞存柊澧炴姇璩囪硣閲�840钀厓锛屽叕鍙哥洰鍓嶈硣閲戠祼(ji茅)妲�(g貌u)杓冪偤鍚堢悊锛岃硣鐢�(ch菐n)璨�(f霉)鍌电巼鐐�40%锛屾寜鐓у墿浣欒偂鍒╂斂绛�锛�2000骞寸殑鍙互鍚戞姇璩囪憲鍒嗛厤鐨勫埄娼�(r霉n)鐐哄灏戝厓锛�
鍙緵鎶曡硣鑰呭垎閰嶇殑鍒╂饯(r霉n)=1240銆€?銆傘剤f鍏冿級
鍓╀綑鑲″埄= 1240?840 脳锛�1-40%锛�=736 锛堣惉鍏冿級

鍒€娉細姝ょ瓟妗堝凡缍�(j墨ng)鎴戞渻(hu矛)鍚屽叾浠栧悓瀛�(xu茅)淇敼

64锛屾煇鍏徃鎳�(y墨ng)鏀跺赋娆剧殑鍥炴敹鎯呮硜鐐虹暥(d膩ng)鏈堥姺璨ㄦ鍙互鏀跺洖40%锛岀浜屽€�(g猫)鏈堝彲浠ユ敹鍥�30%锛岀涓夊€�(g猫)鏈堝彲浠ユ敹鍥�28%锛屾湁2%鐨勮波娆剧劇娉曟敹鍥�銆傚叕鍙稿叏骞寸稉(j墨ng)鐕�(y铆ng)A鐢�(ch菐n)鍝�锛屾瘡浠跺敭鍍�(ji脿)240鍏�锛�5鏈堜唤瀵�(sh铆)闅涢姺鍞�2500浠�锛�6鏈堜唤瀵�(sh铆)闅涢姺鍞�2800浠躲€傝▓(j矛)鍔�7鏈堜唤閵峰敭3200浠�锛�8鏈堜唤閵峰敭2950浠�锛�9鏈堜唤閵峰敭3400浠躲€傜法鍒剁涓夊搴︾殑鐝�(xi脿n)閲戞敹鍏ラ爯(y霉)绠�銆�
7鏈堜唤鐝�(xi脿n)閲戞敹鍏�=锛�3200脳40%+2800脳30%+2500脳28%锛壝�240=676800鍏�
8鏈堜唤鐝�(xi脿n)閲戞敹鍏�=锛�2950脳40%+3200脳30%+2800脳28%锛壝�240=701760鍏�
9鏈堜唤鐝�(xi脿n)閲戞敹鍏�=锛�3400脳40%+2950脳30%+3200脳28%锛壝�240=753840鍏�
鏈堜唤 5鏈堜唤 6鏈堜唤 7鏈堝垎 8鏈堜唤 9鏈堜唤
閵峰敭鏀跺叆 600000 672000 768000 708000 816000
鏀跺洖40%鏀跺洖30%鏀跺洖28% 307200201600168000 283200230400188160 326400212400215040
鐝�(xi脿n)閲戞敹鍏� 676800 701760 753840

65锛屾煇浼佹キ(y猫)浼佹キ(y猫)鍏ㄥ勾鐢熺敘(ch菐n)B鐢�(ch菐n)鍝�锛岃▓(j矛)鍔冩瘡瀛ｅ害鐨勭敘(ch菐n)閲忓垎鍒ョ偤1400浠�銆�1800浠躲€�1600浠�銆�1500浠�銆侭鐢�(ch菐n)鍝佹瘡浠惰€楃敤鍘熸潗鏂�5KG锛屾瘡KG鐨勬潗鏂欏柈鍍�(ji脿)鏍�12鍏�銆傚勾鍒濇湁鍘熸潗鏂�800KG锛岃姹傛瘡瀛ｆ湯淇濇寔涓嬪鐢熺敘(ch菐n)鐢ㄩ噺鐨�15%锛屽勾鏈繚鎸�1000KG鐨勫瓨閲�銆傝臣(g貌u)璨锋潗鏂欑殑娆鹃爡(xi脿ng)鐣�(d膩ng)瀛ｆ敮浠�60%锛岀浜屽搴︽敮浠�40%銆傚勾鍒濇湁鎳�(y墨ng)浠樺赋娆�35000鍏�銆傜法鍒堕噰璩�(g貌u)鏉愭枡鐨勭従(xi脿n)閲戞敮鍑洪爯(y霉)绠�銆�
绗竴瀛ｅ害閲囪臣(g貌u)閲�=1400脳5+1800脳5脳15%-800=7550KG
绗簩瀛ｅ害閲囪臣(g貌u)閲�=1800脳5+1600脳5脳15%-1800脳5脳15%=8850KG
绗笁瀛ｅ害閲囪臣(g貌u)閲�=1600脳5+1500脳5脳15%-1600脳5脳15%=7925KG
绗洓瀛ｅ害閲囪臣(g貌u)閲�=1500脳5+1000-1500脳5脳15%=7375KG
瀛ｅ害 绗竴瀛ｅ害 绗簩瀛ｅ害 绗笁瀛ｅ害 绗洓瀛ｅ害
娑堣€楅噺鏈熸湯閲忔湡鍒濋噺閲囪臣(g貌u)閲� 700013508007550 9000120013508850 8000112512007925 7500100011257375
绗竴瀛ｅ害鏉愭枡鐝�(xi脿n)閲戞敮鍑�=7550脳12脳60%+35000=89360鍏�
绗簩瀛ｅ害鏉愭枡鐝�(xi脿n)閲戞敮鍑�=8850脳12脳60%+7550脳12脳40%=99960鍏�
绗笁瀛ｅ害鏉愭枡鐝�(xi脿n)閲戞敮鍑�=7925脳12脳60%+8850脳12脳40%=99540鍏�
绗洓瀛ｅ害鏉愭枡鐝�(xi脿n)閲戞敮鍑�=7375脳12脳60%+7925脳12脳40%=91140鍏�
瀛ｅ害 绗竴瀛ｅ害 绗簩瀛ｅ害 绗笁瀛ｅ害 绗洓瀛ｅ害
鏀粯60%鏀粯40%鐝�(xi脿n)閲戞敮鍑� 543603500089360 637203624099960 570604248099540 531003804091140

66锛屾煇鍏徃2001骞村垵鏈夌従(xi脿n)閲戜綑椤�5500鍏�锛屾噳(y墨ng)鏀跺赋娆句綑椤�45000鍏�锛屾噳(y墨ng)浠樺赋娆句綑椤�9400鍏�锛孉鏉愭枡1030KG锛孊鏉愭枡830KG锛岀敳鐢�(ch菐n)鍝�100浠躲€傝▓(j矛)鍔�2001骞存瘡瀛ｅ害閵峰敭鐢茬敘(ch菐n)鍝佸垎鍒ョ偤1100浠�銆�1600浠躲€�2000浠�銆�1500浠�锛屾瘡瀛ｅ害鏈韩(k霉)瀛樼敳鐢�(ch菐n)鍝佸垎鍒ョ偤160浠躲€�200浠�銆�150浠躲€�120浠�銆傜敳鐢�(ch菐n)鍝佹瘡浠跺敭鍍�(ji脿)鐐�90鍏冿紝閵峰敭鏀跺叆涓湁60%鍙暥(d膩ng)瀛ｆ敹鍒扮従(xi脿n)閲�锛屽叾浣欎笅瀛ｆ敹鍥炪€傜敳鐢�(ch菐n)鍝佽€楃敤A銆丅鍏╀腑鏉愭枡锛屽畾椤嶅垎鍒ョ偤3KG銆�2KG锛屾潗鏂欏柈鍍�(ji脿)鍒嗗垾鐐�5鍏�銆�3鍏�锛屽鏈潗鏂欏韩(k霉)瀛橀噺鎸変笅瀛ｇ敓鐢�(ch菐n)鐢ㄩ噺鐨�30%瑷�(j矛)绠�锛岄噰璩�(g貌u)鏉愭枡娆剧暥(d膩ng)瀛ｆ敮浠�50%锛屽叾浣欎笅瀛ｆ敮浠�銆傛瘡浠剁敘(ch菐n)鍝佺殑宸ユ檪(sh铆)瀹氶鐐�4灏忔檪(sh铆)锛屾瘡灏忔檪(sh铆)宸ヨ硣鐐�5鍏�锛岃畩鍕�(d貌ng)鎬у埗閫犺不(f猫i)鐢ㄦ瘡灏忔檪(sh铆)1.40鍏冿紝姣忓鍥哄畾鎬у埗閫犺不(f猫i)鐢ㄧ偤38800鍏�锛屽叾涓湁鍥哄畾璩囩敘(ch菐n)鎶樿垔璨�(f猫i)17000鍏�銆傛瘡瀛ｅ害鐧�(f膩)鐢熼姺鍞不(f猫i)鐢ㄥ垎鍒ョ偤9240鍏�銆�10190鍏�銆�10950鍏冦€�10000鍏冿紝姣忓搴︾櫦(f膩)鐢熺鐞嗚不(f猫i)鐢ㄥ潎鐐�2625鍏�銆�2001骞村叕鍙稿畨鎺掗暦(zh菐ng)鏈熸姇璩�110000鍏冿紝姣忓搴﹀垎鍒ユ姇鍏�28000鍏�銆�10000鍏�銆�34000鍏�銆�38000鍏冿紝鍚屾檪(sh铆)姣忓搴﹀潎鍎熼倓闀�(zh菐ng)鏈熷€熸鍒╂伅3500鍏�銆傚叕鍙哥従(xi脿n)閲戞寔鏈夐噺鎺у埗鐨勮寖鍦嶇偤5500鍏冭嚦8000鍏�锛屼笉瓒冲墖鍊熸锛屽浣欏墖閭勬銆傚€熸鍠綅鐐�1000鍏冿紝鍊熸鍦ㄦ湡鍒�锛岄倓娆惧湪鏈熸湯銆傚€熸鍒╃巼鐐�10%锛屽€熸鍒╂伅鏀粯鍦ㄦ閭勬湰閲戞檪(sh铆)閫�(j矛n)琛�銆傝姹傜法鍒�1锛岄姺鍞爯(y霉)绠�2锛岀敓鐢�(ch菐n)闋�(y霉)绠�3锛屾潗鏂欓爯(y霉)绠�4锛屼汉宸ラ爯(y霉)绠�锛�5锛屽埗閫犺不(f猫i)鐢ㄩ爯(y霉)绠�6锛岀従(xi脿n)閲戦爯(y霉)绠�
閵峰敭闋�(y霉)绠楋細
绗竴瀛ｅ害閵峰敭鐝�(xi脿n)閲戞敹鍏�=1100脳90脳60%+45000=104400鍏�
绗簩瀛ｅ害閵峰敭鐝�(xi脿n)閲戞敹鍏�=1600脳90脳60%+1100脳90脳40%=126000鍏�
绗笁瀛ｅ害閵峰敭鐝�(xi脿n)閲戞敹鍏�=2000脳90脳60%+1600脳90脳40%=165600鍏�
绗洓瀛ｅ害閵峰敭鐝�(xi脿n)閲戞敹鍏�=1500脳90脳60%+2000脳90脳40%=153000鍏�
绗竴瀛ｅ害 绗簩瀛ｅ害 绗笁瀛ｅ害 绗洓瀛ｅ害 鍚堣▓(j矛)
閵峰敭鏀跺叆鏀跺彇60%鏀跺彇40%鐝�(xi脿n)閲戞敹鍏� 990005940045000104400 1440008640039600126000 18000010800057600165600 1350008100072000153000 558000334800214200549000
鐢熺敘(ch菐n)闋�(y霉)绠楋細
绗竴瀛ｅ害鐢熺敘(ch菐n)閲�=1100+1600脳10%-100=1160浠�
绗簩瀛ｅ害鐢熺敘(ch菐n)閲�=1600+2000脳10%-1600脳10%=1640浠�
绗笁瀛ｅ害鐢熺敘(ch菐n)閲�=2000+1500脳10%-2000脳10%=1950浠�
绗洓瀛ｅ害鐢熺敘(ch菐n)閲�=1500+120-1500脳10%=1470浠�
绗竴瀛ｅ害 绗簩瀛ｅ害 绗笁瀛ｅ害 绗洓瀛ｅ害 鍚堣▓(j矛)
閵峰敭閲忔湡鏈噺鏈熷垵閲忕敓鐢�(ch菐n)閲� 11001601001160 16002001601640 20001502001950 15001201501470 62001201006220
鏉愭枡闋�(y霉)绠楋細
绗竴瀛ｅ害A鏉愭枡娑堣€楅噺=1160脳3=3480KG B鏉愭枡娑堣€楅噺=1160脳2=2320KG
绗簩瀛ｅ害A鏉愭枡娑堣€楅噺=1640脳3=4920KG B鏉愭枡娑堣€楅噺=1640脳2=3280KG
绗笁瀛ｅ害A鏉愭枡娑堣€楅噺=1950脳3=5850KG B鏉愭枡娑堣€楅噺=1950脳2=3900KG
绗洓瀛ｅ害A鏉愭枡娑堣€楅噺=1470脳3=4410KG B鏉愭枡娑堣€楅噺=1470脳2=2940KG
绗竴瀛ｅ害A鏉愭枡閲囪臣(g貌u)閲�=3480+4920脳30%-1030=3926KG
绗竴瀛ｅ害B鏉愭枡閲囪臣(g貌u)閲�=2320+3280脳30%-830=2474KG
绗簩瀛ｅ害A鏉愭枡閲囪臣(g貌u)閲�=4920+5850脳30%-4920脳30%=5199KG
绗簩瀛ｅ害B鏉愭枡閲囪臣(g貌u)閲�=3280+3900脳30%-3280脳30%=3466KG
绗笁瀛ｅ害A鏉愭枡閲囪臣(g貌u)閲�=5850+4410脳30%-5850脳30%=5418KG
绗笁瀛ｅ害B鏉愭枡閲囪臣(g貌u)閲�=3900+2940脳30%-3900脳30%=3612KG
绗洓瀛ｅ害A鏉愭枡閲囪臣(g貌u)閲�=4410+1500-4410脳30%=4587KG
绗洓瀛ｅ害B鏉愭枡閲囪臣(g貌u)閲�=2940+1000-2940脳30%=3058KG
绗竴瀛ｅ害A鏉愭枡鎴愭湰=3926脳5=19630鍏� B鏉愭枡鎴愭湰=2474脳3=7422鍏�
绗簩瀛ｅ害A鏉愭枡鎴愭湰=5199脳5=25995鍏� B鏉愭枡鎴愭湰=3466脳3=10398鍏�
绗笁瀛ｅ害A鏉愭枡鎴愭湰=5418脳5=27090鍏� B鏉愭枡鎴愭湰=3612脳3=10836鍏�
绗洓瀛ｅ害A鏉愭枡鎴愭湰=4587脳5=22935鍏� B鏉愭枡鎴愭湰=3058脳3=9174鍏�
绗竴瀛ｅ害鏉愭枡鐝�(xi脿n)閲戞敮鍑�=锛�19630+7422锛� 脳50%+9400=22926鍏�
绗簩瀛ｅ害鏉愭枡鐝�(xi脿n)閲戞敮鍑�=锛�25995+10398锛壝�50%+锛�19630+7422锛壝�50%=31722.5鍏�
绗笁瀛ｅ害鏉愭枡鐝�(xi脿n)閲戞敮鍑�=锛�27090+10836锛壝�50%+锛�25995+10398锛壝�50%=37159.5鍏�
绗洓瀛ｅ害鏉愭枡鐝�(xi脿n)閲戞敮鍑�=锛�22935+9174锛壝�50%+锛�27090+10836锛壝�50%=35017.5鍏�
绗竴瀛ｅ害 绗簩瀛ｅ害 绗笁瀛ｅ害 绗洓瀛ｅ害 鍚堣▓(j矛)
娑堣€楅噺 AB鏈熸湯閲� AB鏈熷垵閲� AB閲囪臣(g貌u)閲� AB 348023201476984103083039262474 4920328017551170147698451993466 5850390013238821755117054183612 4410294013331000132388244203058 18660124401333100010308301896312610
閲囪臣(g貌u)鎴愭湰 A       B 196307422 2599510398 2709010836 221009174 9481537830
鏉愭枡鎴愭湰 27052 36393 37926 32109 132645
鏀粯鏈湡鏀粯涓婃湡 135269400 18196.513526 1896318196.5 1105018963 61735.560085.5
鏉愭枡鏀嚭 22926 31722.5 37159.5 30013 121821
浜哄伐闋�(y霉)绠�:
绗竴瀛ｅ害浜哄伐鐝�(xi脿n)閲戞敮鍑�=1160脳4脳5=23200鍏�
绗簩瀛ｅ害浜哄伐鐝�(xi脿n)閲戞敮鍑�=1640脳4脳5=32800鍏�
绗笁瀛ｅ害浜哄伐鐝�(xi脿n)閲戞敮鍑�=1950脳4脳5=39000鍏�
绗洓瀛ｅ害浜哄伐鐝�(xi脿n)閲戞敮鍑�=1470脳4脳5=29400鍏�
绗竴瀛ｅ害 绗簩瀛ｅ害 绗笁瀛ｅ害 绗洓瀛ｅ害 鍚堣▓(j矛)
鐢熺敘(ch菐n)閲忓柈浣嶅伐鏅�(sh铆)姣忎欢宸ヨ硣浜哄伐鏀嚭 11604523200 16404532800 19504539000 14704529400 622045124400
鍒堕€犺不(f猫i)鐢ㄩ爯(y霉)绠�:
绗竴瀛ｅ害鍒堕€犺不(f猫i)鐢ㄦ敮鍑�=1160脳4脳1.40+38800-17000=28296鍏�
绗簩瀛ｅ害鍒堕€犺不(f猫i)鐢ㄦ敮鍑�=1640脳4脳1.40+38800-17000=30984鍏�
绗笁瀛ｅ害鍒堕€犺不(f猫i)鐢ㄦ敮鍑�=1950脳4脳1.40+38800-17000=32720鍏�
绗洓瀛ｅ害鍒堕€犺不(f猫i)鐢ㄦ敮鍑�=1470脳4脳1.40+38800-17000=30032鍏�
绗竴瀛ｅ害 绗簩瀛ｅ害 绗笁瀛ｅ害 绗洓瀛ｅ害 鍚堣▓(j矛)
鐢熺敘(ch菐n)閲忓柈浣嶅伐鏅�(sh铆)灏忔檪(sh铆)璨�(f猫i)鐢ㄨ畩鍕�(d貌ng)璨�(f猫i)鐢ㄥ浐瀹氳不(f猫i)鐢ㄦ笡:鎶樿垔璨�(f猫i)鐢ㄦ敮鍑� 116041.406496388001700028296 164041.409184388001700030984 195041.4010920388001700032720 147041.408232388001700030032 622041.403483215520068000122032
鐝�(xi脿n)閲戦爯(y霉)绠�:
绗竴瀛ｅ害 绗簩瀛ｅ害 绗笁瀛ｅ害 绗洓瀛ｅ害 鍚堣▓(j矛)
鏈熷垵浣欓缍�(j墨ng)鐕�(y铆ng)鏀跺叆 5500104400 6113126000 6091.5165600 6362153000 5500549000
鏉愭枡鏀嚭浜哄伐鏀嚭鍒堕€犺不(f猫i)鐢ㄩ姺鍞不(f猫i)鐢ㄧ鐞嗚不(f猫i)鐢ㄨ硣鐢�(ch菐n)鎶曡硣闀�(zh菐ng)鏈熷埄鎭� 22926232002829692402625280003500 31722.53280030984101902625100003500 37159.53900032720109502625340003500 300132940030032100002625380003500 121821124400122032403801050011000014000
鏀嚭鍚堣▓(j矛) 117787 121821.5 159954.5 143570 543133
鐝�(xi脿n)閲戜綑缂� 锛�7887锛� 10291.5 11737 15792 11367
閵€琛屽€熸姝搁倓鍊熸鍊熸鍒╂伅鐭湡鎶曡硣 14000 锛�4000锛夛紙200锛� 锛�5000锛夛紙375锛� 锛�5000锛夛紙500锛夛紙4000锛� 14000锛�14000锛夛紙1075锛夛紙4000锛�
鏈熸湯浣欓 6113 6091.5 6362 6292 6292

鍒€娉細鐪嬭憲鐧�(f膩)鏆堝晩锛岄偅涔堥暦(zh菐ng)锛岃姳鍗佸垎閻樺勾骞村潎鏄庣櫧鍓嶅咕姝ヤ簡锛屾矑鎯冲埌閫欎箞闀�(zh菐ng)锛岄€欓鍟忛涓嶆槸澶洠锛屼絾鏄垜閫欏€�(g猫)椤岃鏀炬浜�!!

67,鏌愬埄娼�(r霉n)涓績2000骞村(sh铆)鐝�(xi脿n)閵峰敭鏀跺叆780000鍏�锛屽埄娼�(r霉n)涓績閵峰敭鐢�(ch菐n)鍝佺殑璁婂嫊(d貌ng)鎴愭湰鍜岃畩鍕�(d貌ng)璨�(f猫i)鐢ㄧ偤460000鍏冿紝鍒╂饯(r霉n)涓績璨�(f霉)璨�(z茅)浜哄彲鎺у浐瀹氭垚鏈偤80000鍏�锛屽埄娼�(r霉n)涓績璨�(f霉)璨�(z茅)浜轰笉鍙帶鑰岀敱瑭蹭腑蹇冭矤(f霉)鎿�(d膩n)鐨勫浐瀹氭垚鏈偤42000鍏冿紝鍓囧埄娼�(r霉n)涓績璨㈢嵒(xi脿n)姣涚泭绺介銆佸埄娼�(r霉n)涓績璨�(f霉)璨�(z茅)浜哄彲鎺у埄娼�(r霉n)绺介銆佸埄娼�(r霉n)涓績鍙帶鍒╂饯(r霉n)绺介鍒嗗垾鐐哄灏�锛�
閭婇殯璨㈢嵒(xi脿n)=780000 ? 460000 =320000锛堝厓锛�
  鍒╂饯(r霉n)涓績璨�(f霉)璨�(z茅)浜哄彲鎺у埄娼�(r霉n)=320000 ? 80000 = 240000锛堝厓锛�
鍒╂饯(r霉n)涓績鍙帶鍒╂饯(r霉n)= 240000 ? 42000 = 198000锛堝厓锛�

68锛屾煇鎶曡硣涓績2000骞村勾鍒濇湁璩囩敘(ch菐n)绺介鐐�740000鍏�锛屽勾鏈湁璩囩敘(ch菐n)绺介860000鍏冿紝鐣�(d膩ng)骞村(sh铆)鐝�(xi脿n)閵峰敭鏀跺叆鐐�2000000鍏�锛岀櫦(f膩)鐢熸垚鏈不(f猫i)鐢ㄧ附椤嶇偤1800000鍏冿紝瀵�(sh铆)鐝�(xi脿n)鐕�(y铆ng)妤�(y猫)鍒╂饯(r霉n)绺介鐐�200000鍏�锛屽墖瑭叉姇璩囦腑蹇冪殑璩囨湰鍛ㄨ綁(zhu菐n)鐜�銆侀姺鍞垚鏈巼銆佹垚鏈不(f猫i)鐢ㄥ埄娼�(r霉n)鐜�銆佹姇璩囧埄娼�(r霉n)鐜囧垎鍒ョ偤澶氬皯锛熷鏋滆┎鎶曡硣涓績鐨勬渶浣庢姇璩囧牨(b脿o)閰巼鐐�15%锛屽墖鍓╀綑鏀剁泭鐐哄灏�锛�
璩囨湰骞冲潎鍗犵敤椤�=锛�740000 + 860000锛�/2 = 800000 锛堝厓锛�
璩囨湰鍛ㄨ綁(zhu菐n)鐜�=2000000 / 800000=2.5
  閵峰敭鎴愭湰鐜�=1800000 / 2000000 = 90%
  鎴愭湰鍒╂饯(r霉n)鐜�=200000 / 1800000 =11%
  鎶曡硣鍒╂饯(r霉n)鐜�=2.5脳90%脳11%=24.75%
鍓╀綑鏀剁泭=200000?800000脳15%=80000锛堝厓锛�

鍒€娉細鍦ㄨ▓(j矛)绠楀墿浣欐敹鐩婃檪(sh铆)锛屼竴瀹氳浣忥細鍏紡涓€涓殑鎶曡硣椤嶇敤璩囨湰骞冲潎鍗犵敤绺介渚嗚▓(j矛)绠�!!鏈鏈変簺鍟忛鐨�锛屽鏋滄寚鏄�200000鐐烘伅绋呭墠鍒╂饯(r霉n)鏇村姞鍚堥仼銆�

69锛屾煇浼佹キ(y猫)瑷�(j矛)鍔冪敓鐢�(ch菐n)鐢�(ch菐n)鍝�1500浠�锛屾瘡浠惰▓(j矛)鍔冨柈鑰�20鍗冨厠锛屾瘡鍗冨厠瑷�(j矛)鍔冨柈鍍�(ji脿)12鍏�锛屾湰鏈熷(sh铆)闅涚敓鐢�(ch菐n)鐢�(ch菐n)鍝�1600浠讹紝姣忎欢瀵�(sh铆)闅涙秷鑰楁潗鏂�18鍗冨厠锛屾瘡浠跺(sh铆)闅涘柈鍍�(ji脿)13鍏冿紝瑕佹眰锛氳▓(j矛)绠楃敘(ch菐n)鍝佹潗鏂欑殑瀵�(sh铆)闅涙垚鏈�銆佽▓(j矛)鍔冩垚鏈強宸暟锛屽苟鍒嗘瀽瑷�(j矛)绠楃敱浜庣敘(ch菐n)閲忚畩鍕�(d貌ng)銆佹潗鏂欏柈鑰楄畩鍕�(d貌ng)銆佹潗鏂欏柈鍍�(ji脿)璁婂嫊(d貌ng)灏�(du矛)鏉愭枡鎴愭湰鐨勫奖闊�銆�
1銆佽▓(j矛)绠楀(sh铆)闅�銆佽▓(j矛)鍔冩寚妯�(bi膩o)锛�
  瀵�(sh铆)闅涙垚鏈�=1600脳18脳13=374400鍏�
瑷�(j矛)鍔冩垚鏈�=1500脳20脳12=360000鍏�
宸暟=374400-360000=14400鍏�
2銆佸垎鏋愯▓(j矛)绠楋細
鐢变簬鐢�(ch菐n)閲忓鍔犲皪(du矛)鏉愭枡鎴愭湰鐨勫奖闊跨偤锛�
锛�1600-1500锛壝�20脳12=24 000锛堝厓锛�
鐢变簬鏉愭枡鍠€楃瘈(ji茅)绱勫皪(du矛)鏉愭枡鎴愭湰褰遍熆鐐猴細
1600脳锛�18-20锛壝�12=-38 400锛堝厓锛�
鐢变簬鏉愭枡鍠児(ji脿)鎻愰珮灏�(du矛)鏉愭枡鎴愭湰褰遍熆鐐猴細
1600脳18脳锛�13-12锛�=28 800锛堝厓锛�
鍏ㄩ儴鍥犵礌褰遍熆鐐猴細
24000-38400+28800=14 400 锛堝厓锛�

70锛屾煇鎶曡硣涓績2000骞寸殑瑷�(j矛)鍔冩姇璩囩附椤嶇偤1250000鍏�锛岄姺鍞敹鍏ョ偤625000鍏�锛屾垚鏈不(f猫i)鐢ㄧ附椤�375000鍏�锛屽埄娼�(r霉n)绺介鐐�250000鍏�銆傝€�2000骞村(sh铆)闅涘畬鎴愭姇璩囬鐐�1500000鍏冿紝瀵�(sh铆)闅涘(sh铆)鐝�(xi脿n)閵峰敭鏀跺叆780000鍏�锛屽(sh铆)闅涚櫦(f膩)鐢熻不(f猫i)鐢�507000鍏�锛屽(sh铆)鐝�(xi脿n)鍒╂饯(r霉n)绺介273000鍏冦€�
瑕佹眰鍒嗗垾瑷�(j矛)绠楋細1锛�2000骞寸殑瑷�(j矛)鍔冨拰瀵�(sh铆)闅涜硣鏈懆杞�(zhu菐n)鐜�銆侀姺鍞垚鏈巼銆佹垚鏈不(f猫i)鐢ㄥ埄娼�(r霉n)鐜�銆佹姇璩囧埄娼�(r霉n)鐜�2锛屽垎鏋愯▓(j矛)绠楃敱浜庤硣鏈懆杞�(zhu菐n)鐜�銆侀姺鍞垚鏈巼銆佹垚鏈不(f猫i)鐢ㄥ埄娼�(r霉n)鐜囩殑璁婂嫊(d貌ng)灏�(du矛)鎶曡硣鍒╂饯(r霉n)鐜囩殑褰遍熆銆�

瑷�(j矛)鍔冭硣鏈懆杞�(zhu菐n)鐜�=625000/1250000=50%
瑷�(j矛)鍔冮姺鍞垚鏈巼=375000/625000=60%
瑷�(j矛)鍔冩垚鏈不(f猫i)鐢ㄥ埄娼�(r霉n)鐜�=250000/375000=67%
瑷�(j矛)鍔冩姇璩囧埄娼�(r霉n)鐜�=50%脳60%脳67%=20%
瀵�(sh铆)闅涜硣鏈懆杞�(zhu菐n)鐜�=780000/1500000=52%
瀵�(sh铆)闅涢姺鍞垚鏈巼=507000/780000=65%
瀵�(sh铆)闅涙垚鏈不(f猫i)鐢ㄥ埄娼�(r霉n)鐜�=273000/507000=54%
瀵�(sh铆)闅涙姇璩囧埄娼�(r霉n)鐜�=52%脳65%脳54%=18%
宸暟=20%-18%=-2%
宸暟鍒嗘瀽瑷�(j矛)绠楋細
鐢变簬璩囨湰鍛ㄨ綁(zhu菐n)鐜囩殑鎻愰珮灏�(du矛)鎶曡硣鍒╂饯(r霉n)鐜囩殑褰遍熆鐐猴細
锛�52%-50%锛壝�60%脳67%=0.8%
鐢变簬閵峰敭鎴愭湰鐜囩殑鎻愰珮灏�(du矛)鎶曡硣鍒╂饯(r霉n)鐜囩殑褰遍熆鐐猴細
52%脳锛�65%-60%锛壝�67%=1.7%
鐢变簬鎴愭湰璨�(f猫i)鐢ㄥ埄娼�(r霉n)鐜囩殑涓嬮檷灏�(du矛)鎶曡硣鍒╂饯(r霉n)鐜囩殑褰遍熆鐐猴細
52%脳65%脳锛�54%-67%锛�=-4.4%
鍏ㄩ儴鍥犵礌鐨勫奖闊跨偤锛�
0.8%+1.7%-4.4%=-2%

71锛屾煇鍏徃1999骞撮姺鍞噲鏀跺叆鐐�400000鍏�锛屽(sh铆)鐝�(xi脿n)鍑堝埄娼�(r霉n)48000鍏�锛岃硣鐢�(ch菐n)骞冲潎绺介500000鍏冿紝璩囩敘(ch菐n)璨�(f霉)鍌电巼鐐�50%銆�2000骞撮姺鍞噲鏀跺叆鐐�480000鍏�锛屽(sh铆)鐝�(xi脿n)鍑堝埄娼�(r霉n)鐐�72000鍏�锛岃硣鐢�(ch菐n)骞冲潎绺介鐐�640000鍏�锛岃硣鐢�(ch菐n)璨�(f霉)鍌电巼鐐�60%銆�
瑕佹眰鍒嗗垾瑷�(j矛)绠楋細1锛�1999銆�2000骞寸殑閵峰敭鍑堝埄鐜�銆佺附璩囩敘(ch菐n)鍛ㄨ綁(zhu菐n)鐜囥€佹瑠(qu谩n)鐩婁箻鏁�(sh霉)鍜岃嚜鏈夎硣閲戝埄娼�(r霉n)鐜�銆�2锛屽垎鏋愯▓(j矛)绠楅姺鍞噲鍒╃巼銆佺附璩囩敘(ch菐n)鍛ㄨ綁(zhu菐n)鐜�銆佹瑠(qu谩n)鐩婁箻鏁�(sh霉)璁婂嫊(d貌ng)灏�(du矛)鑷湁璩囬噾鍒╂饯(r霉n)鐜囩殑褰遍熆銆�

瑷�(j矛)绠楁寚妯�(bi膩o)锛�
1999骞撮姺鍞噲鍒╃巼=48000/400000=12%
1999骞寸附璩囩敘(ch菐n)鍛ㄨ綁(zhu菐n)鐜�=400000/500000=80%
1999骞存瑠(qu谩n)鐩婁箻鏁�(sh霉)=1/锛�1-50%锛�=2
1999骞磋嚜鏈夎硣閲戝埄娼�(r霉n)鐜�=12%脳80%脳2=19.2%
2000骞撮姺鍞噲鍒╃巼=72000/480000=15%
2000骞寸附璩囩敘(ch菐n)鍛ㄨ綁(zhu菐n)鐜�=480000/640000=75%
2000骞存瑠(qu谩n)鐩婁箻鏁�(sh霉)=1/锛�1-60%锛�=2.5
2000骞磋嚜鏈夎硣閲戝埄娼�(r霉n)鐜�=15%脳75%脳2.5=28.1%
宸暟=28.1%-19.2%=8.9%
2銆佸樊鐣板垎鏋愯▓(j矛)绠楋細
鐢变簬閵峰敭鍑堝埄鐜囨彁楂樺皪(du矛)鑷湁璩囬噾鍒╂饯(r霉n)鐜囩殑褰遍熆鐐猴細
锛�15%-12%锛壝�80%脳2=4.8%
鐢变簬绺借硣鐢�(ch菐n)鍛ㄨ綁(zhu菐n)鐜囦笅闄嶅皪(du矛)鑷湁璩囬噾鍒╂饯(r霉n)鐜囩殑褰遍熆鐐猴細
15%脳锛�75%-80%锛壝�2 = -1.5%
鐢变簬娆�(qu谩n)鐩婁箻鏁�(sh霉)鎻愰珮灏�(du矛)鑷湁璩囬噾鍒╂饯(r霉n)鐜囩殑褰遍熆鐐猴細
15%脳75%脳锛�2.5-2锛�=5.6%
鍏ㄩ儴鍥犵礌褰遍熆鐐猴細
4.8%-1.5%+5.6%=8.9%

72锛屾煇鍏徃2000骞村勾鍒濇噳(y墨ng)鏀跺赋娆句綑椤嶇偤20000鍏�锛屽瓨璨ㄤ綑椤嶇偤14000鍏冦€傚勾鏈祦鍕�(d貌ng)璩囩敘(ch菐n)鍚堣▓(j矛)36000鍏�锛屽叾娴佸嫊(d貌ng)姣旂巼鐐�2.0锛岄€熷嫊(d貌ng)姣旂巼鐐�1.2锛屽瓨璨ㄥ懆杞�(zhu菐n)娆℃暩(sh霉)鐐�3銆傚叏骞寸敘(ch菐n)鍝佽硳閵峰噲椤嶇偤156000鍏�锛岄櫎鎳�(y墨ng)鏀跺赋娆惧鐨勯€熷嫊(d貌ng)璩囩敘(ch菐n)蹇界暐涓嶈▓(j矛)銆傝姹傚垎鍒ヨ▓(j矛)绠楋細1锛屽勾鏈祦鍕�(d貌ng)璨�(f霉)鍌典綑椤�2锛屽勾鏈瓨璨ㄤ綑椤�3锛岀敘(ch菐n)鍝侀姺鍞垚鏈�4锛屽勾鏈噳(y墨ng)鏀跺赋娆�5锛屾噳(y墨ng)鏀跺赋娆惧懆杞�(zhu菐n)鐜�
骞存湯娴佸嫊(d貌ng)璨�(f霉)鍌典綑椤�=36000/2.0=18000 锛堝厓锛�
骞存湯瀛樿波=36000?1.2脳18000=14400锛堝厓锛�
鐢�(ch菐n)鍝侀姺鍞垚鏈�3脳[锛�4000+14400锛�/2]=42600锛堝厓锛�
骞存湯鎳�(y墨ng)鏀惰超娆�=36000?14400=21600锛堝厓锛�
鎳�(y墨ng)鏀惰超娆惧懆杞�(zhu菐n)鐜�=156000/[锛�20000+21600锛�/2]=7.5