单选题
A project has the following expected cash flows:
If the risk-free interest rate is 4 percent, expected inflation is 3 percent, the market risk premium is 8 percent and the Beta for the project is 1, the investment"s net present value (NPV) is closest to:
| time | cash flow |
|
0
1 2 |
($125000)
$100000 $200000 |
【正确答案】
B
【答案解析】[解析] 投资的资金机会成本=无风险利率+市场风险溢价×β值=4%+8%×1=12%
