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Feeling · 2020年11月14日

问一道题:NO.PZ201601200500000906

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问题如下:

6. Is Böhm most likely correct regarding Comment C that it is acceptable to use either NPV or IRR and Comment D about the immediate impact on EPS?

选项:

A.

No for both comments.

B.

Yes for both comments.

C.

No for Comment C and Yes for Comment D.

解释:

C is correct.

Even if they are the same size, a short-term project with a high IRR can have a lower NPV than a longer-term project. The immediate impact on EPS does not capture the full effect of the cash flows over the project’s entire life.

那如果项目是有conventional cash flow patterns,且投资期限相同,那可以用IRR最大来选项目吗?

1 个答案
已采纳答案

王琛_品职助教 · 2020年11月15日

- 亲不行哦
- 参考原版书 P20 的原文 "Whenever the NPV and IRR rank two mutually exclusive projects differently, you should choose the project based on the NPV"
- 以及原版书 P19 的例题 4,两个项目都符合你的举例,但是不能用 IRR 判断,还是要用 NPV 判断哈