题目
With regard to capital allocation, an appropriate estimate of the incremental cash flows from an investment is least likely to include:
选项
A.externalities.
B.interest costs.
C.opportunity costs.
答案
B
解析
B is correct. Costs to finance the investment are taken into account when the cash flows are discounted at the appropriate cost of capital; including interest costs in the cash flows would result in double-counting the cost of debt.B是正确的。当现金流量以适当的资本成本折现时，为投资提供资金的成本被考虑在内;在现金流中包括利息成本会导致债务成本的重复计算。