38、An analyst gathered the following information about a company that expects to fund its capital budget without issuing any additional shares of common stock: Target (optimal) capital structure: | | Long-term debt | 50% | Preferred stock | 10% | Common equity | 40% | 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 rate of return closest to 10 percent is the: A. warehouse project. B. equipment project. C. product line project. D. inventory system project.
[此贴子已经被作者于2008-11-7 14:22:28编辑过] | 
发表于 2008-5-27 12:29
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