NO.PZ2023112701000051
问题如下：
A company is deciding whether to invest in one of two mutually exclusive projects with positive NPVs. If Project 1 has a higher NPV but a lower IRR than Project 2, the company should:
选项：
A.prefer Project 1.
B.prefer Project 2.
C.be indifferent between Project 1 and Project 2.
解释：
Correct Answer: A
A is correct because when the choice is between two mutually exclusive projects and the NPV and IRR rank the two projects differently, the NPV criterion is strongly preferred. As a practical matter, once a corporation has the data to calculate the NPV, it is fairly trivial to then calculate the IRR and other capital allocation criteria. However, the most appropriate and theoretically sound criterion is the NPV.
老师，如果是NPV相同的情况下呢？选IRR高的还是低的呢？还是说只要NPV相同，IRR高低无所谓？
