DAp AN DE THI THAM DJNH DA DT CONG ( D:;ti hoc H~ Chinh quy)MA. DE 040515001

Cau 1(2d)

Du an cong: Du an cong la nhtrng du an do Chinh phu tai tro (d.p von) toan bQhay mot phan hoac do dan chung tv nguyen gop v6n bang tiSn hay bang ngay congnham dap irng moi nhu du rnang tinh cong d6ng. Nhtrng du an rna Chinh phu hoacchinh quyen dia phuong dS xu~t va keu goi tai tro quoc t€ hoac nhirng du an do motdan vi kinh doanh thuc hien nhung neu huang d€n viec nang cao phuc loi cong congcling duoc xern la mot dir an congo

Nhir vay, co th~ nhan dien tinh ch~t "cong" cua mot dir an amuc dich cua no, chinhla du an huang dSn viec tao ra nhtrng loi ich cong d6ng.

~ SO' dB quy trinh thim djnh dl! an theo quan di~m ciia Jenkins vaHarberger:

Xac djnh d\l'an

Giai do~n 1:Nghien clm tiSn khAthi

Giai do~n 2: Nghien clm khAthi

Giai do~n 3: Thi€t k€ chi ti€t

Giai do~n 4: Danh gia dl! an

Giai do~n 5: Danh gia sau dl! an

TCDN_TDAC_DHCQ_B3 TRANG lj3_MD:040S15001

Cau 2: (Sd) Dan vi tinh: USD

1) Tinh thai gian thu h6i v6n va IRR cua hai du an:Nam 0 1 2 3 4

DvanX -10.000 6.500 3.000 3.000 1.000DTLuyk~ -10.000 -3.500 -500 2.500 3.500DvanY -10.000 3.500 3.500 3.500 3.500DT Lfiy k~ -10.000 -6.500 -3.000 500 4.000

* Thai gran thu hOIvon:

PPx =2+ 500 =2,17nam3000

3000 _PPy = 3+-- = 2,86nam

3500

* Tinh IRR:

NPV = -10.000 + 6.500 + 3.000 + 3.000 + 1.000 = 0x (l+ IRR) (1+ IRR)2 (l+ IRR)3 (1+ IRR)4

Chon IRRJ = 18% ~NPVJ = 4,709

Chon IRR2 = 19% ~ NPV2= -140,404

~ 1RRx =18%+ '1 IX(19%-18%) =18,03%4,709 + -140,404

NPVy =_10.000+3.500x1-(l+IRR)-4 =0IRR

Chon IRRJ= 14% ~NPVJ = 197,993

Chon IRR2= 15% ~NPV2= -7,576

=> IRR = 14% + 197,993 x (15% -14 %) = 14 96%y 197,993+1-7,5761 '

2) a) Xet tnrong hop hai du an dQcI~p:Ta thay ca tieu chuan thai gian thu h6i v6n vatY su§.thoan v6n nci bQcua hai dir an dSu thea man diSu kien rang buoc: PP < 3 namva IRR> 12% . Vi v~y : ca hai du an dSuduoc ch§.pnhan,

b) Xet tnrong hop hai du an loai tnr: Vi PPx < PPy va IRRx> IRRy nen chinh phu seIva chon dIJan X, loai bo dir an Y.

-TCDN_TDAC_DHCQ_B3 TRANG 2j3_MD:040515001

Diu 3: (3d) Don vi tinh: ti dang

a) Dong tien rong thea quan diem chu d§.uillva quan diem quoc gia

Quan adm Chit adu nr Quoc giaKy hieu (A) (B)

Nfun 0 1 0 1

Doanh thu 2000 2000

Chi phi van hanh -500 -500

May, thiet bi -3000 2000 -3000 2000

Trq gia 200

Thu€ -200

Yay 1000 -1000

Loi nrc -100

Ngoai tac 500

Dong tien rong -2000 2400 -3000 4000

b) Xac dinh NPV:

NPVA = -2000+ 2400 = 51,281,17

NPV = -3000+ 4000 = 418 80B 117',

Theo tieu chuan NPV thi du an dtroc chap nhan 6 ca hai quan diem.

TCDN_ TDAC_f>HCQ_B3 TRANG 3j3_Mf>:040515001