问题如下：
5. In response to Question 3, what are the most likely effects on the NPV and the total net cash flow in the terminal year, respectively?
选项：
解释：
B is correct.
Additional depreciation in earlier time periods will shield Embelesado from additional taxes, thus increasing the net cash flows in earlier years of the project and increasing the project’s NPV. However, this also means that there will be less depreciation expense in the terminal year of the project, thus shielding less income and increasing taxes. Terminal-year net cash flow will likely decrease.
However, this also means that there will be less depreciation expense in the terminal year of the project, thus shielding less income and increasing taxes. Terminal-year net cash flow will likely decrease.
老师，我还是不懂，这个前期折旧大，后期折旧小，所以越到后期的cash flow越大才对呀？
