試題詳解

4. A new project requires initial cost of $17,500 and would produce annual cash flows of $4,850, $8,500, $4,000, and $4,000 for Years 1 to 4, respectively. The required payback period is 2.9 years and the discounted payback period is 3.6 years. The required rate of return is 9 percent. Which methods indicate project acceptance and which indicate project rejection?
(A) Accept: NPV, IRR, PI, payback； Reject: discounted payback
(B)Accept: NPV, IRR, PI； Reject: payback, discounted payback
(C)Accept: payback, PI； Reject: NPV, IRR, discounted payback
(D)Accept: payback, discounted payback； Reject: NPV, IRR, PI
(E) Accept: NPV, IRR； Reject: PI, payback, discounted payback