1. Julio operates a firm that is projected to generate annual cash flows of $100,000 with zero projected growth. What is the present value of this firm if an equity investor requires a return of 20% per year on their investment? a. b. Suppose the investor is investing $50,000 in the firm. What percent of ownership would the investor receive for this investment at this valuation? 2 ABC C. You are another prospective investor for the firm described in #1. Because the firm is in its very early stages of development, you believe you need a 50 percent return on equity to compensate you for risk. How would this affect the value of the firm? d. At a $50,0000 investment, what percentage of ownership would you receive at this valuation