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[CFA level 1模拟真题]Version 4 Questions-Q38

Q38

After-tax component costs:

 

Long-term debt

6%

Preferred stock

10%

Retained earnings

15%

Net present values of four independent projects:

 

Warehouse project

$426

Equipment project

$378

Product line project

$0

Inventory system project

-$185

If no significant size or timing differences exist among the projects and the projects all have the same risk as the company, the project with an internal ate of return closest to 10 percent is the:

A.      warehouse project

B.      equipment project

C.      Product line project

D.     Inventory system project

答案和详解如下:

Q38.  C  Study Session 11-47-d, 1148-a

The weighted average cost of capital for the company is 10% 0.5(6%)+0.l(10%)+0. 4(15%)=10%.1f the NPV is zero, the IRR is equal to the WACC.

TOP

bu zhi

TOP

[em09]

TOP

谢谢[em01]

TOP

c

TOP

see

TOP

c

TOP

c

TOP

a

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