NO.PZ2018101501000003
问题如下:
When calculating an NPV or IRR of the project, which of the following should be subtracted from the cash flow?
选项:
A. Sunk costs.
B. Financing costs.
C. Neither the sunk costs nor the financing costs.
解释:
C is correct.
考点:Basics Of Capital Budgeting
解析:在计算现金流时,我们不考虑sunk costs,沉没成本是指那些已经付出且不可收回的成本,与当前的决策无关。而我们将financing costs反映在折现率中,因此融资成本或利息费用也不在现金流中体现。
我知道在计算现金流的时候不考虑沉没成本和financing cost,所以这是要额外减去还是就从一开始就没有加进去呢?