NO.PZ2016021705000018
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.
incremental cash flows是什么意思?这道题没搞明白在考什么,谢谢!