An analyst does research about a capital p

问题单项选择题

An analyst does research about a capital project and gathers the following end of year cash flow information with an initial investment of $5000:

The company's marginal cost of capital is 6% and the project's required rate of return is 7%. The project's net present value is closest to:（）

A. -$296

B. -$371

C. -$412

答案

参考答案：B

解析：

C_f0=-$5000；

C_F1=$2000；

C_F2=$3000；

C_F3=-$1000；

C_F4=$2000；

C_F5=-$800。

I/Y =7(折现率用项目的必要回报率，而不用公司资金的边际成本)，可得：NPV=-$371.42。