瑶瑶涵涵 · 2018年07月12日
问题如下图：
选项：
A. 
B. 
C. 
解释：
I think Choice A would be appropriate as well. As it didn't indicate that the initial investment capital is limited (i.e., the company should have enough money to cover both projects). I think we had a similar question in the Quant section and we selected A as the reason being both projects generate positive NPVs.
NO.PZ2016021705000012 问题如下 Projects 1 an2 have similoutlays, although the patterns of future cash flows are fferent. The cash flows well the NPV anIRR for the two projects are shown below. For both projects, the requirerate of return is 10 percent.The two projects are mutually exclusive. Whis the appropriate investment cision? A.Invest in both projects. B.Invest in Proje1 because it hthe higher IRR. C.Invest in Proje2 because it hthe higher NPV. is correct.When valuing mutually exclusive projects, the cision shoulma with the NPV methobecause this methouses the most realistic scount rate, namely the opportunity cost of fun. In this example, the reinvestment rate for the NPV methohere 10 percent) is more realistic ththe reinvestment rate for the IRR metho(here 21.86 percent or 18.92 percent) 老师这道题可以理解为比较IRR，因为RRR必须小于IRR而BIRR较小所以比较好？
老师，这题是否直接简单粗暴地对比npv就好？不用考虑crossover rate
