NPV and IRR? - 考試

小弟正在準備cfa L1的考試

做到一題關於NPV跟IRR的判定問題, 請各位不吝指教

Should a company accept a project that has an IRR of 14% and an NPV of $2.8m

if the cost of capital is 12%?

a. yes. based only on the NPV

b. yes. based only on the IRR

c. yes. based only on the NPV and the IRR

d. no. based only on the NPV and the IRR









a跟d是錯的, 我選了b. 因為只要IRR> cost of capital應該就要accept.

但是答案是c. 要based only on the NPV and the IRR.

why?

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