                                         557

     k*,     (18.28) 
  .    k*     -
.      .

 -'
  (18.28)    Magnesium, :

_   $2        $3           $3,30

-J.J   '  ' .                         / ^Q\

(1+:*)'   (l+k*)2   (k*-0,l0)(l+k*)2             ' ' '

    k*   14%. 
      (18.29),   $67,54.  15%
         $53,92.  ,
 k*      14  15%,   $55   $67,54
 $53,92.       14,5%,   
 $59,97.  ,      .  -
   14,8  14,9%,   $56,18  $55,03 . 
 $55,03    ,  IRR      Magnesium
 14,9%.     15%  IRR,   14,9%,
,      .

18.4.3       

   ,       
  .  ,  ,   , 
    ,  , :

V   <
Vr-^L=
,=i(l+k)'

V		DT		.
'+	(k-	-g)(l+k)	k-g

  =0(1+^)=1.       
V= V^- + V^,  ,   =  V= DJk - g .   -
   .

18.4.4      

      ,  -
    8.   ,  
         ^,  -
  ,  gy   ,   -
  ^         
         .   V^ -
    ,     , 
 V^      , -
,          .

        -
    ,  -    