{"id":20238,"date":"2026-05-16T14:52:58","date_gmt":"2026-05-16T05:52:58","guid":{"rendered":"https:\/\/www.aas-clover.com\/tokyoblog\/20238"},"modified":"2026-05-16T15:59:31","modified_gmt":"2026-05-16T06:59:31","slug":"r07%e5%b9%b4%e5%ba%a6%e4%ba%8b%e4%be%8b%ef%bc%94%ef%bc%88%e5%be%97%e7%82%b9-81%e7%82%b9%ef%bc%89","status":"publish","type":"post","link":"https:\/\/www.aas-clover.com\/tokyoblog\/20238","title":{"rendered":"R07\u5e74\u5ea6\u4e8b\u4f8b\uff14\uff08\u5f97\u70b9 81\u70b9\uff09"},"content":{"rendered":"<h4>\u7b2c\uff11\u554f\uff08\u914d\u70b925\u70b9\uff09<\/h4>\n<p><strong>\uff08\u8a2d\u554f\uff11\uff09<\/strong><\/p>\n<table class='saigen4-tbl-01'>\n<tbody>\n<tr>\n<td style='white-space:nowrap'><\/td>\n<td>\uff08a\uff09\u6307\u6a19\u540d<\/td>\n<td>\uff08b\uff09\u5024<\/td>\n<\/tr>\n<tr>\n<td style='white-space:nowrap'>\u2460\u512a\u308c\u305f\u6307\u6a19<\/td>\n<td>\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387<\/td>\n<td>82.13%<\/td>\n<\/tr>\n<tr>\n<td style='white-space:nowrap'>\u2461\u52a3\u308b\u6307\u6a19<\/td>\n<td>\u58f2\u4e0a\u9ad8\u7dcf\u5229\u76ca\u7387<\/td>\n<td>35.85%<\/td>\n<\/tr>\n<tr>\n<td style='white-space:nowrap'>\u2462\u52a3\u308b\u6307\u6a19<\/td>\n<td>\u6709\u5f62\u56fa\u5b9a\u8cc7\u7523\u56de\u8ee2\u7387<\/td>\n<td>1.85\u56de<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>\uff08\u8a2d\u554f\uff12\uff09<\/strong><\/p>\n<p>D\u793e\u306f\u6226\u7565\u7684\u306b\u65b0\u5546\u54c1\u958b\u767a\u3092\u7d9a\u3051\u3066\u3044\u308b\u70ba\u3001\u6295\u8cc7\u306b\u898b\u5408\u3046\u58f2\u4e0a\u304c\u7372\u5f97\u3067\u304d\u3066\u3044\u306a\u3044\u4e8b\u3084\u6d77\u5916\u306e\u4f4e\u4fa1\u683c\u88fd\u54c1\u3068\u306e\u7af6\u4e89\u6fc0\u5316\u3084\u6728\u6750\u3084\u6f06\u7b49\u306e\u539f\u6750\u6599\u4fa1\u683c\u9ad8\u9a30\u306b\u3088\u308a\u52b9\u7387\u6027\u3068\u53ce\u76ca\u6027\u3067\u52a3\u308b<\/p>\n<h4>\u7b2c\uff12\u554f\uff08\u914d\u70b930\u70b9\uff09<\/h4>\n<p><strong>\uff08\u8a2d\u554f\uff11\uff09<\/strong><\/p>\n<table class='saigen4-tbl-02'>\n<tbody>\n<tr>\n<td style='white-space:nowrap'>\u2460\u88fd\u54c1X\u8ca9\u58f2\u6570\u91cf<\/td>\n<td>480\u57fa<\/td>\n<\/tr>\n<tr>\n<td style='white-space:nowrap'>\u2461\u88fd\u54c1Y\u8ca9\u58f2\u6570\u91cf<\/td>\n<td>720\u57fa<\/td>\n<\/tr>\n<tr>\n<td style='white-space:nowrap'>\u2462\u640d\u76ca\u5206\u5c90\u70b9\u58f2\u4e0a\u9ad8<\/td>\n<td>691,200,000\u5186<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>\u8a08\u7b97\u904e\u7a0b<\/strong><\/p>\n<p>480\u00d7600,000+720\u00d7560,000=691,200,000<\/p>\n<p><strong>\uff08\u8a2d\u554f\uff12\uff09<\/strong><\/p>\n<table class='saigen4-tbl-02'>\n<tbody>\n<tr>\n<td style='white-space:nowrap'>\u88fd\u54c1Y\u8ca9\u58f2\u6570\u91cf<\/td>\n<td>947\u57fa<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>\u8a08\u7b97\u904e\u7a0b<\/strong><\/p>\n<p>\u88fd\u54c1X\u306e\u9650\u754c\u5229\u76ca\u306f358.5\u3000\u88fd\u54c1Y\u306e\u9650\u754c\u5229\u76ca\u306f413\u3000\u56fa\u5b9a\u8cbb\u5408\u8a08\u306f520,000<br \/>\n\u88fd\u54c1X\u3092500\u57fa\u8ca9\u58f2\u6642\u306e\u9650\u754c\u5229\u76ca\u306f179,250<br \/>\n\u88fd\u54c1Y\u306e\u8ca9\u58f2\u91cf\u3092\uff59\u3068\u3059\u308b\u3068<br \/>\n179,520+413y-520,000=50,000<br \/>\n\u3053\u308c\u3092\u89e3\u304f\u3068y=946.125<br \/>\n\u5f93\u3063\u3066947\u57fa<\/p>\n<p><strong>\uff08\u8a2d\u554f\uff13\uff09<\/strong><\/p>\n<table class='saigen4-tbl-02'>\n<tbody>\n<tr>\n<td style='white-space:nowrap'>\u2460\u88fd\u54c1X\u8ca9\u58f2\u6570\u91cf<\/td>\n<td>412\u57fa<\/td>\n<\/tr>\n<tr>\n<td style='white-space:nowrap'>\u2461\u88fd\u54c1Y\u8ca9\u58f2\u6570\u91cf<\/td>\n<td>1,646\u57fa<\/td>\n<\/tr>\n<tr>\n<td style='white-space:nowrap'>\u2462\u7dcf\u5229\u76ca\u984d<\/td>\n<td>450,640,000\u5186<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>\u8a08\u7b97\u904e\u7a0b<\/strong><\/p>\n<p>\u88fd\u54c1X\u306e\u9650\u754c\u5229\u76ca\u306f358.5\u3000\u88fd\u54c1Y\u306e\u9650\u754c\u5229\u76ca\u306f503\u3000\u56fa\u5b9a\u8cbb\u5408\u8a08\u306f525,000<br \/>\n\u3067\u304d\u308b\u3060\u3051\u88fd\u54c1Y\u3092\u8ca9\u58f2\u3057\u305f\u65b9\u304c\u5229\u76ca\u6700\u5927\u5316\u306b\u3064\u306a\u304c\u308b\u3002<br \/>\n\u88fd\u54c1Y\u306e\u8ca9\u58f2\u91cf\u3092\uff59\u3068\u3059\u308b\u3068<br \/>\n0.25\uff59\u00d70.5+0.3y=700<br \/>\n\u3053\u308c\u3092\u89e3\u304f\u3068 Y=1647.058<br \/>\n\u305d\u306e\u6642\u306eX\u306e\u8ca9\u58f2\u91cf\u306f412<br \/>\n\u3057\u304b\u3057\u3053\u306e\u5834\u5408\u76f4\u63a5\u4f5c\u696d\u6642\u9593\u304c700\u6642\u9593\u3092\u8d85\u3048\u308b<br \/>\n\u88fd\u54c1Y=1,646\u3000\u88fd\u54c1\uff38=412\u3000\u306e\u6642\u76f4\u63a5\u4f5c\u696d\u6642\u9593\u304c700\u6642\u9593\u672a\u6e80\u3068\u306a\u308b<\/p>\n<h4>\u7b2c\uff13\u554f\uff08\u914d\u70b925\u70b9\uff09<\/h4>\n<p><strong>\uff08\u8a2d\u554f\uff11\uff09\u8a2d\u5099Z\u58f2\u5374\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc<\/strong><\/p>\n<table class='saigen4-tbl-02'>\n<tbody>\n<tr>\n<td style='white-space:nowrap'>\u58f2\u5374CF<\/td>\n<td>4,200,000\u5186<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>\u8a08\u7b97\u904e\u7a0b<\/strong><\/p>\n<p>6,000,000\u00d7(1-0.3)=4,200,000<\/p>\n<p><strong>\uff08\u8a2d\u554f\uff12\uff09\u5404\u5e74\u672b\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc<\/strong><\/p>\n<table class='saigen4-tbl-02'>\n<tbody>\n<tr>\n<td style='white-space:nowrap'>\uff11\u5e74\u672b<\/td>\n<td>10,620,000\u5186<\/td>\n<\/tr>\n<tr>\n<td style='white-space:nowrap'>\uff12\u5e74\u672b<\/td>\n<td>19,620,000\u5186<\/td>\n<\/tr>\n<tr>\n<td style='white-space:nowrap'>\uff13\u5e74\u672b<\/td>\n<td>19,620,000\u5186<\/td>\n<\/tr>\n<tr>\n<td style='white-space:nowrap'>\uff14\u5e74\u672b<\/td>\n<td>32,820,000\u5186<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>\u8a08\u7b97\u904e\u7a0b<\/strong><\/p>\n<p>\u6e1b\u4fa1\u511f\u5374\u8cbb\u306f60,000\u00f74=15,000\u2460<br \/>\n\u5404\u5e74\u306e\u73fe\u91d1\u53ce\u652f\u306f(300-120)\u00d7300-30,000=24,000\u2461<br \/>\n\u8cc3\u8cb8\u6599\u304c\u306a\u304f\u306a\u308b\u3053\u3068\u306e\u5f71\u97ff\u306f\u30002,400\u2462<br \/>\n1\u5e74\u5ea6\u672b\u306e\u904b\u8ee2\u8cc7\u672c\u5897\u52a0\u984d\u306f\u30009,000\u2463<br \/>\n4\u5e74\u5ea6\u672b\u306e\u904b\u8ee2\u8cc7\u672c\u6e1b\u5c11\u984d\u306f\u30009,000\u2464<br \/>\n4\u5e74\u5ea6\u672b\u306e\u58f2\u5374CF\u306f\u30004,200\u2465<br \/>\n1\u5e74\u5ea6\u672b\u306eCF\u306f\u2460\u00d70.3+\u2461\u00d7(1-0.3)-\u2462\u00d7(1-0.3)-\u2463=10,620<br \/>\n2.3\u5e74\u5ea6\u672b\u306eCF\u306f\u2460\u00d70.3+\u2461\u00d7(1-0.3)-\u2462\u00d7(1-0.3)=19,620\u2466<br \/>\n4\u5e74\u5ea6\u672b\u306eCF\u306f\u2464+\u2465+\u2466=32,820<\/p>\n<p><strong>\uff08\u8a2d\u554f\uff13\uff09\u6b63\u5473\u73fe\u5728\u4fa1\u5024\u30fb\u63a1\u5426<\/strong><\/p>\n<table class='saigen4-tbl-02'>\n<tbody>\n<tr>\n<td style='white-space:nowrap'>\u6b63\u5473\u73fe\u5728\u4fa1\u5024<\/td>\n<td>13,868,220\u5186<\/td>\n<\/tr>\n<tr>\n<td style='white-space:nowrap'>\u63a1\u5426<\/td>\n<td>\u3059\u308b<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>\u8a08\u7b97\u904e\u7a0b<\/strong><\/p>\n<p>NPV=10,620\u00d70.962+19,620\u00d7(0.925+0.889)+32,820\u00d70.855-60,000=13,868.22<\/p>\n<h4>\u7b2c\uff14\u554f\uff08\u914d\u70b920\u70b9\uff09<\/h4>\n<p><strong>\uff08\u8a2d\u554f\uff11\uff09<\/strong><\/p>\n<p>\u5b89\u5168\u6027\u304c\u9ad8\u3044\u4e8b\u304b\u3089\u8cc7\u672c\u30b3\u30b9\u30c8\u306e\u4f4e\u3044\u9577\u671f\u501f\u5165\u91d1\u3067\u8abf\u9054\u3059\u308b\u3002\u8cc7\u672c\u30b3\u30b9\u30c8\u3092\u4e0a\u56de\u308b\u6295\u8cc7\u5229\u76ca\u7387\u3092\u9054\u6210\u3059\u308bCF\u3092\u751f\u307f\u51fa\u3057\u5b89\u5168\u6027\u4f4e\u4e0b\u3092\u4e0a\u56de\u308b\u53ce\u76ca\u6027\u6539\u5584\u3092\u56f3\u308b<\/p>\n<p><strong>\uff08\u8a2d\u554f\uff12\uff09<\/strong><\/p>\n<p>\u30ea\u30b9\u30af\u306f\u2460\u70ba\u66ff\u5909\u52d5\u30ea\u30b9\u30af\u2461\u8cc7\u91d1\u7e70\u308a\u60aa\u5316\u30ea\u30b9\u30af\u3002\u5bfe\u51e6\u306f\u2460\u70ba\u66ff\u4e88\u7d04\u3084\u30aa\u30d7\u30b7\u30e7\u30f3\u306e\u8cfc\u5165\u2461\u58f2\u4e0a\u4e88\u6e2c\u7cbe\u7dfb\u5316\u3057\u8a08\u753b\u7684\u6bb5\u968e\u7684\u306b\u6295\u8cc7\u3059\u308b&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u7b2c\uff11\u554f\uff08\u914d\u70b925\u70b9\uff09 \uff08\u8a2d\u554f\uff11\uff09 \uff08a\uff09\u6307\u6a19\u540d \uff08b\uff09\u5024 \u2460\u512a\u308c\u305f\u6307\u6a19 \u81ea\u5df1\u8cc7\u672c\u6bd4\u7387 82.13% \u2461\u52a3\u308b\u6307\u6a19 \u58f2\u4e0a\u9ad8\u7dcf\u5229\u76ca\u7387 35.85% \u2462\u52a3\u308b\u6307\u6a19 \u6709\u5f62\u56fa\u5b9a\u8cc7\u7523\u56de\u8ee2\u7387 1.85\u56de \uff08\u8a2d\u554f\uff12\uff09 D\u793e\u306f\u6226\u7565\u7684\u306b\u65b0\u5546\u54c1\u958b [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2818,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"swell_btn_cv_data":"","score":"81","footnotes":""},"categories":[345],"tags":[],"class_list":["post-20238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-saigen-2025d"],"_links":{"self":[{"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/posts\/20238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/comments?post=20238"}],"version-history":[{"count":1,"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/posts\/20238\/revisions"}],"predecessor-version":[{"id":21325,"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/posts\/20238\/revisions\/21325"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/media\/2818"}],"wp:attachment":[{"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/media?parent=20238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/categories?post=20238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/tags?post=20238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}