NO.PZ2016012005000003
问题如下：
When assembling the cash flows to calculate an NPV or IRR, the project’s after-tax interest expenses should be subtracted from the cash flows for:
选项：
A.the IRR calculation, but not the NPV calculation.
B.both the NPV calculation and the IRR calculation.
C.neither the NPV calculation nor the IRR calculation.
解释：
C is correct.
Financing costs are not subtracted from the cash flows for either the NPV or the IRR. The effects of financing costs are captured in the discount rate used.
这道题问的是NPV或者IRR
不过NPV和IRR其实就是一个事儿的两个方面吧，一个是绝对的value，一个是要得到这个value所对应的折现率。
我这样理解正确吗？
