Table 8 The influence of ship purchase... | Emerald Publishing

Table 8

The influence of ship purchase price and exchange rate fluctuation on IRR

IRR (%)			Variation in ship price ($10,000)
			−20%	−15%	−10%	−5%	0%	5%	10%	15%	20%
			2,280	2422.5	2,565	2707.5	2,850	2992.5	3,135	3277.5	3,420
The exchange rate	−10%	5.85	24.07	22.56	21.22	20.02	18.93	18.42	17.05	16.22	15.46
	−8%	5.98	23.51	22.04	20.72	19.55	18.48	17.98	16.63	15.83	15.08
	−6%	6.11	22.98	21.53	20.25	19.09	18.05	17.56	16.24	15.45	14.71
	−4%	6.24	22.47	21.05	19.79	18.66	17.64	17.15	15.86	15.08	14.36
	−2%	6.37	21.98	20.59	19.35	18.24	17.24	16.77	15.49	14.73	14.02
	0%	6.5	21.51	20.14	18.93	17.84	16.86	16.39	15.14	14.39	13.70
	+2%	6.63	21.05	19.72	18.53	17.46	16.49	16.03	14.80	14.06	13.38
	+4%	6.76	20.62	19.31	18.14	17.08	16.13	15.68	14.48	13.75	13.08
	+6%	6.89	20.20	18.91	17.76	16.73	15.79	15.35	14.16	13.45	12.79
	+8%	7.02	19.79	18.53	17.40	16.38	15.46	15.03	13.86	13.15	12.50
	+10%	7.15	19.40	18.16	17.05	16.05	15.14	14.71	13.56	12.87	12.23

IRR (%)			Variation in ship price ($10,000)
			−20%	−15%	−10%	−5%	0%	5%	10%	15%	20%
			2,280	2422.5	2,565	2707.5	2,850	2992.5	3,135	3277.5	3,420
The exchange rate	−10%	5.85	24.07	22.56	21.22	20.02	18.93	18.42	17.05	16.22	15.46
	−8%	5.98	23.51	22.04	20.72	19.55	18.48	17.98	16.63	15.83	15.08
	−6%	6.11	22.98	21.53	20.25	19.09	18.05	17.56	16.24	15.45	14.71
	−4%	6.24	22.47	21.05	19.79	18.66	17.64	17.15	15.86	15.08	14.36
	−2%	6.37	21.98	20.59	19.35	18.24	17.24	16.77	15.49	14.73	14.02
	0%	6.5	21.51	20.14	18.93	17.84	16.86	16.39	15.14	14.39	13.70
	+2%	6.63	21.05	19.72	18.53	17.46	16.49	16.03	14.80	14.06	13.38
	+4%	6.76	20.62	19.31	18.14	17.08	16.13	15.68	14.48	13.75	13.08
	+6%	6.89	20.20	18.91	17.76	16.73	15.79	15.35	14.16	13.45	12.79
	+8%	7.02	19.79	18.53	17.40	16.38	15.46	15.03	13.86	13.15	12.50
	+10%	7.15	19.40	18.16	17.05	16.05	15.14	14.71	13.56	12.87	12.23