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CFA Level 1 Exam

3959 Questions

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Question No. 1

Phoenix Products Inc. requires a new machine to produce a part for a solar air conditioner. Two companies have submitted bids, and you have been assigned the task of choosing one of the machines. Cash flow analysis indicates the following:
Year Machine A Machine B
0-$1,000-$1,000
10 417
20 417
30 417
41,938 417
If the cost of capital for Phoenix Products is 5 percent, which of the following is the most valid statement?
Choose the correct option from the given list.
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