youtkr · 2022年08月11日

这个不应该是total net cash flow嘛？total non-operating不是只包括卖设备的钱嘛

1. CFA II
2. Corporate Issuers

* 问题详情，请 查看题干

NO.PZ201601200500000603

问题如下：

3. What is the terminal year after-tax non-operating cash flow at the end of year five?

选项：

A.

$108,000.

B.

$132,000.

C.

$180,000.

解释：

B is correct.

The terminal year non-operating cash flow is

$TNOCF=Sal_5+NWCInv-T(Sal_5-B_5)$

= 120,000 + 60,000 – 0.40(120,000 – 0) = $132,000

如题