NO.PZ2022090804000010
问题如下:
Erin Chou is reviewing a profitable investment that has a conventional cash flow pattern. If the cash flows for the initial outlay and future after-tax cash flows all double, Chou would predict that the IRR would:选项:
A.increase and the NPV would increase. B.stay the same and the NPV would increase. C.stay the same and the NPV would stay the same.解释:
SolutionB is correct. The IRR would stay the same because both the initial outlay and the after-tax cash flows double, so the return on each dollar invested would remain the same. All the cash flows and their present values double. The difference between the total present value of the future cash flows and the initial outlay (the NPV) also doubles.
老师,这道题,我一上手大概知道是考IRR核NPV的公式相关特性,无奈这句话If the cash flows for the initial outlay and future after-tax cash flows all double,我理解为后面这种情况,CF0是-10,CF1....CFn=20,是这个DOUBLE意思!!!这样我就凭公式很难得出结果了。。。
老师也帮我指点下,谢谢!