某企業(yè)估算出未來5年的實體現(xiàn)金流量分別為60.64.8.69.98.74.18.78.63萬元,從第6年開始實體現(xiàn)金流量按照4%的比率固定增長,該企業(yè)的加權(quán)平均資本成本為10%,股權(quán)資本成本為12%,則下列關(guān)于該企業(yè)實體價值的計算式子中,正確的是()。
- A
實體價值=60×(P/F,10%,1)+64.8×(P/F,10%,2)+69.98×(P/F,10%,3)+74.18×(P/F,10%,4)+78.63×(P/F,10%,5)+[78.63×(1+4%)/(10%-4%)]×(P/F,10%,5)
- B
實體價值=60×(P/F,10%,1)+64.8×(P/F,10%,2)+69.98×(P/F,10%,3)+74.18×(P/F,10%,4)+[78.63/(10%-4%)]×(P/F,10%,5)
- C
實體價值=60×(P/F,12%,1)+64.8×(P/F,12%,2)+69.98×(P/F,12%,3)+74.18×(P/F,12%,4)+78.63×(P/F,12%,5)+[78.63×(1+4%)/(12%-4%)]×(P/F,12%,5)
- D
實體價值=60×(P/F,12%,1)+64.8×(P/F,12%,2)+69.98×(P/F,12%,3)+74.18×(P/F,12%,4)+[78.63/(12%-4%)]×(P/F,12%,5)