問題已解決
老師 這道題麻煩講解下..
![](https://member.chinaacc.com/homes/resources/images/home/avatar/2.jpg)
![](/wenda/_nuxt/img/iconWarn.60bd4fe.jpg)
![](https://pic1.acc5.cn/010/08/79/95_avatar_middle.jpg?t=1733968385)
方案一的資本成本是
10%*(1-25%)/(1-5%)*100%=7.89%
2023 09/22 17:57
![](https://pic1.acc5.cn/010/08/79/95_avatar_middle.jpg?t=1733968385)
暖暖老師 ![](/wenda/_nuxt/img/reply2.28c7604.png)
![](/wenda/_nuxt/img/reply2.28c7604.png)
2023 09/22 17:58
方案二的資本成本計算是
1.2/10+8%=20%
![](https://pic1.acc5.cn/010/08/79/95_avatar_middle.jpg?t=1733968385)
暖暖老師 ![](/wenda/_nuxt/img/reply2.28c7604.png)
![](/wenda/_nuxt/img/reply2.28c7604.png)
2023 09/22 18:03
兩種方案每股收益無差別點的計算是
( EBIT-480*8%-50)*(1-25%)/90=
(EBIT-480*8%)*(1-25%)/(90+50)
解得EBIT=178.4
![](https://pic1.acc5.cn/010/08/79/95_avatar_middle.jpg?t=1733968385)
暖暖老師 ![](/wenda/_nuxt/img/reply2.28c7604.png)
![](/wenda/_nuxt/img/reply2.28c7604.png)
2023 09/22 18:04
4題目的息稅前利潤是156小于EBIt
選擇股權籌資方案二
![](https://pic1.acc5.cn/010/08/79/95_avatar_middle.jpg?t=1733968385)
暖暖老師 ![](/wenda/_nuxt/img/reply2.28c7604.png)
![](/wenda/_nuxt/img/reply2.28c7604.png)
2023 09/22 18:04
第五個題目的答案是BC對
![](/wenda/img/newWd/sysp_btn_eye.png)