44、An analyst is developing net present value (NPV) profiles for two investment projects being considered by a company. The only difference between the two projects is that Project 1 is expected to receive larger cash flows early in the life of the project, while Project 2 is expected to receive larger cash flows late in the life of the project. Compared to Project 1, which of the following best describes the: slope of the NPV profile for Project 2? sensitivity of the NPV for Project 2 to changes in the company's cost of capital? A. Flatter Less sensitive B. Flatter More sensitive C. Steeper Less sensitive D. Steeper More sensitive A. Answer A B. Answer B C. Answer C D. Answer D | 
发表于 2008-11-5 17:19
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