- CFA Exams
- CFA Exam: Level I 2021
- Study Session 10. Corporate Finance (1)
- Reading 32. Capital Budgeting
- Subject 5. Comparison of the NPV and IRR Methods
CFA Practice Question
Choose one of the following to best describe a project which requires an initial cash outlay and for which all remaining cash flows are inflows.
B. Mutually exclusive
C. Conventional
D. Independent
E. Value-creating
A. Short-term
B. Mutually exclusive
C. Conventional
D. Independent
E. Value-creating
Correct Answer: C
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