Practice exams

Original exams that mix topics like the real one, so you practice choosing the method, not just running it. Take them timed or untimed.

Practice Exam 1 comes with the Exam 3 Pass ($35). All 5 come with Exam 3 Complete ($50).

1. Practice Exam 1

   Locked

   Full-length mixed rehearsal: a two-system NPV/IRR block, a 3-year MACRS replacement, WACC and the MCC, plus timing, rationing and abandonment.

   25 questions · 75 min

   Comes with the Exam 3 Pass

2. Practice Exam 2

   Locked

   Full-length mixed rehearsal: a marina NPV/IRR block, a 5-year MACRS replacement with a missed-tax-effect sign flip, a bond-based WACC block, plus timing, rationing and abandonment.

   25 questions · 75 min

   Comes with Exam 3 Complete

3. Practice Exam 3

   Locked

   Full-length mixed rehearsal: a two-plan NPV/IRR block, a 7-year MACRS replacement with a taxable gain on the old asset, WACC with preferred stock, plus timing, rationing and abandonment.

   25 questions · 75 min

   Comes with Exam 3 Complete

4. Practice Exam 4

   Locked

   A full-length mixed exam: two-project profiles, a 5-year MACRS replacement where the old machine sells at a loss, WACC2 and new stock, a straddling project, and real options.

   25 questions · 75 min

   Comes with Exam 3 Complete

5. Practice Exam 5

   Locked

   The hardest of the set: a scale conflict where MIRR sides with IRR, a 7-year MACRS replacement with a missed tax effect that is an outflow, a near-tie straddling project, layered capital costs, and a decision tree with a state you would not build. If you can do this, you're ready.

   25 questions · 75 min

   Comes with Exam 3 Complete