NO.PZ2016012005000003
问题如下：
When assembling the cash flows to calculate an NPV or IRR, the project’s after-tax interest expenses should be subtracted from the cash flows for:
选项：
A.the IRR calculation, but not the NPV calculation.
B.both the NPV calculation and the IRR calculation.
C.neither the NPV calculation nor the IRR calculation.
解释：
C is correct.
Financing costs are not subtracted from the cash flows for either the NPV or the IRR. The effects of financing costs are captured in the discount rate used.
我看题的时候会认为因为不包括所以要减去
