单选题 An analyst does research about a capital project and gathers the following end of year cash flow information with an initial investment of $5000:
Year Cash Flow
1 $2000
2 $3000
3 -$1000
4 $2000
5 -$800
The company's marginal cost of capital is 6% and the project's required rate of return is 7%. The project's net present value is closest to:
A. -$296
B. -$371
C. -$412

【正确答案】 B
【答案解析】[解析] Cf0=-$5000;
CF1=$2000;
CF2=$3000;
CF3=-$1000;
CF4=$2000;
CF5=-$800。
I/Y =7(折现率用项目的必要回报率,而不用公司资金的边际成本),可得:NPV=-$371.42。