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?