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NBAA CPA Intermediate Practice Questions - NBAA Certified Public Accountant (CPA) Intermediate Level Exam

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Mbeya Cement Co. has TZS 120 million available for capital investment in the current year. The company is facing single-period capital rationing and has identified three independent, divisible projects with the following details: - Project X: Initial Outlay = TZS 60 million, NPV = TZS 18 million - Project Y: Initial Outlay = TZS 80 million, NPV = TZS 20 million - Project Z: Initial Outlay = TZS 50 million, NPV = TZS 14 million What is the maximum NPV that can be achieved?
Correct Answer:
TZS 34.5 million

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