NO.PZ2018101501000006
问题如下：
Company M is purchasing a new equipment of $180,000, which will be depreciated straight-line to zero over four years. The installation fee is $20,000. An inventory investment of $55,000 is required during the life of the investment. The tax rate is 25%. What’s the net investment outlay of company M?
选项：
A. $200,000
B. $235,000
C. $255,000
解释：
C is correct.
考点：Cash Flow Projections: Expansion Project
解析：根据公式可得 Outlay=FCInv + NWCInv
= (180,000 + 20,000) + 55,000 = $255,000
installation fee属于sunk costs吗，是不是可以不考虑，谢谢老师。