赞题库-背景图
单项选择题

An analyst does research about net present value and gathers the following information about two real estate projects, each with a cash outlay of $950000:
Project Cash flow 1 Cash flow 2 Cash flow 3
1 0 $880000 $880000
2 0 0 $1880000
If the cost of capital for both projects is 15%, the net present value (NPV) for Project 1 is:()

A. less than the NPV of Project 2.
B. equal to the NPV of Project 2.
C. greater than the NPV of Project 2.