问题如下:
With regard to capital budgeting, an appropriate estimate of the incremental cash flows from a project is least likely to include:
选项:
A. externalities.
B. interest costs.
C. opportunity costs.
解释:
B is correct.
Costs to finance the project are taken into account when the cash flows are discounted at the appropriate cost of capital; including interest costs in the cash flows would result in double-counting the cost of debt.
老师上课说ingore interest cost是错的,跟这里的not include是不是有矛盾?