International Capital Budgeting
问题描述：
International Capital Budgeting
Discuss the following statement (true or not and why):
A foreign project that has a positive net present value (NPV) when valued on its own will always be a positive NPV project from the parent firm's standpoint.
In your discussion, incorporate the threat of currency controls and expropriation.
答
Apparently it is not true.The reasons will be discussed as follows.First of all,a positive NPV indicate that this program is acceptable in terms of the domestic or the local currency,as NPV is a prefe...