问题
单项选择题
Using the following information about three mutually exclusive capital projects to make an investment decision.
| Project | Cash Flow Pattern | Net Present Value | Internal Rate of Return |
| 1 | Conventional | $900 | 15% |
| 2 | Conventional | $1200 | 10% |
| 3 | Non-conventional | $1023 | 6% and 25% |
A. Project 1.
B. Project 2.
C. Project 3.
答案
参考答案：B
解析： 当选择互斥项目(mutually exclusive projects)时，如果使用净现值(NPO)与内部收益率作决策有冲突的话，选择有最高的NPV的项目。非传统项目(non-conventional projects)可能会给出不同的内部收益率，如项目开始后，仍然有负的现金流。
