问题
单项选择题
An analyst does research about a sensitivity analysis to determine about a potential real estate investment and gathers the following information:
| Discounted Rate | Present Value of After-tax Cash Flows |
| 21% | $144712 |
| 25% | $124343 |
| 31% | -$107747 |
| 33% | -$121350 |
A. 21% but less than 25%.
B. 25% but less than 31%.
C. 31% but less than 33%.
答案
参考答案：B
解析：
只有当折现率在25%～31%之间时，才会使得税后现金流的净现值为0，从而得出内部收益率。题目中，给出的税后现金流的净现值已经包括了期初投入。