1. a) You decide that importing a container of boards is the best plan. The boards and container are expected to cost $45,000. You can sell the boards for an average price of $500 and there would be 120 boards in a container. You decide not to sell to surf stores and instead sell the boards yourself you expect it will take three years to sell the boards your projected revenue is as follows: (some of this is Chapter 12 stuff but that assignment was big enough) Year 1 15,000 Year 2 25,000 Year 3 20,000 1. Find the payback of your project ii. What is the Average Accounting return? iii. What is the IRR and NPV of your project at 12% iv. If you financed your investment using your credit card at 19.6% what would the NPV be? b) You have an idea for a new business once cannabis becomes legalized. You have decided to imitate the successful wine tours in the Cowichan Valley. You have acquired a small luxury bus and will operate Weed Tours of growing facilities on Southern Vancouver Island. Your full service tour will include lots of snacks and a complementary bottle of eye drops as well as a Reggae sound track. You have created the following probability distribution for the net income of your venture. Net Income Probability -$15,000 .15 $10,000 .15 $35,000 .20 $60,000 .30 $95,000 .20 a. What is your expected net income? b. What is the standard deviation of your net income? IP