单选题 Fisher, Inc. , is evaluating the benefits of investing in a new industrial printer. The printer will cost $ 28000 and increase after - tax cash flows by $ 8000 during each of the next five years. What is the internal rate of return (IRR) and net present value (NPV) of the printer project if Fisher's required rate of return is 11 percent?
IRR NPV
①A. 5.56% -$ 3180
②B. 17.97% $ 5844
③C. 13.20% $ 1567

A.①
B.②
C.③

【正确答案】 C

【答案解析】IRR Keystrokes: CF0 = -$28000, CF1 =$8000, F1 =5; CPT IRR = 13.2%. NPV Keystrokes: CF0 = -$28000, CF1 =$8000, F1 =5; I = 11; CPT NPV = 1567. Since cash flows are level, an alternative is: IRR: N =5, PMT =8000, PV = -28000, CPT I/Y =13.2%. NPV: I/Y = 11, CPT PV = -29567 +28000 = 1567.