单项选择题:
An analyst does research about a capital project and gathers the following end of year cash flow information with an initial investment of $5000:
Year Cash Flow
1 $2000
2 $3000
3 -$1000
4 $2000
5 -$800
The pany's marginal cost of capital is 6% and the project's required rate of return is 7%. The project's net present value is closest to:（）
A. -$296
B. -$371
C. -$412
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答案：B
解析: Cf0=-$5000； CF1=$2000； CF2=$3000； CF3=-$1000； CF4=$2000； CF5=-$800。 I/Y =7(折现率用项目的必要回报率，而不用公司资金的边际成本)，可得：NPV=-$371.42。