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When calculating the NPV of a project which is subject to inflation, a valid approach is to? (i) discount actual (nominal) cash flows at money discount rates, (ii) discount actual (nominal) cash flows at real discount rates, (iii) discount real cash flows at nominal discount rates, (iv) discount real cash flows at real discount rates. A. (ii) only. B. (i) and (iv). C. (ii) and (iii). D. (i) only. |