问题 单项选择题

An investor gathered the following information about a real estate investment:

A.Cost of the property

B.$800000

C.Amount financed by mortgage loan

D.80%

E.Interest rate on mortgage loan

F.13%

G.Present value of after-tax cash flows from the investment

H.$156000

I.Investor's required rate of return for an equity investment

J.15%

答案

参考答案:C

解析:NPV= -800000× (1-80%) +156000= -4000<0. When NPV=0, then IRR = 16%. If NPV<0, then investment's yield to an equity investor is less than 16%.

单项选择题
单项选择题 A3/A4型题