McqMate
Q. |
A foreign project generates a negative cash flow in year 1 and positive cash flows in years 2 through 5. The NPV for this project will be higher if the foreign currency _________ in year 1 and _________ in years 2 though 5. |
A. | depreciates; depreciates |
B. | appreciates; appreciates |
C. | depreciates; appreciates |
D. | appreciates; depreciates |
Answer» C. depreciates; appreciates |
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