问题
单项选择题
Which of the following statements about NPV and IRR is FALSE（）
A. The NPV will be positive if the IRR is less than the cost of capital.
B. The IRR can be positive even if the NPV is negative.
C. The NPV method is not affected by the multiple IRR problem.
答案
参考答案：A
解析：
This statement should read, "The NPV will be positive if the IRR is greater than the cost of capital. The other statements are true. The IRR can be positive (＞0) , but less than the cost of capital, thus resulting in a negative NPV. The IRR method is affected by the multiple IRR problems. One definition of the IRR is the rate of return for which the NPV of a project is zero.