题目
The Bearing Corp. invests only in positive-NPV projects. Which of the following statements is true?
选项
A.Bearing’s return on invested capital (ROIC) is greater than its cost of capital (COC).
B.Bearing’s COC is greater than its ROIC.
C.We can’t reach any conclusions about the relationship between the company’s ROIC and COC.
答案
A
解析
lSince all of Bearing’s projects havea positive NPV, they are allproviding areturn that is greater than the opportunity cost of capital. Therefore, the ROIC must be greater than the COC.所有项目都有正的净现值，它们都提供了高于资本机会成本的回报。因此，ROIC必须大于COC。