申論題

（一）某方案之預估未來現金流量、稅後淨利、平均帳面價值及資產要求的必要報酬
率如下：
– Year 0: Cash Flow = -175,000
– Year 1: Cash Flow = 63,120    Net Income = 13,620
– Year 2: Cash Flow = 70,800    Net Income= 3,300
– Year 3: Cash Flow = 91,080    Net Income = 29,100
– Average book value = $72,000
Your required return for assets of this risk is 12%.
請根據下列方法，評估接受或拒絕此方案。