1- Suppose that starting a project requires a company to incur an initial investment of 10 mn TL today and we know that the present value of future cash inflows is 12 mn TL. We also know that there is an option to wait for three years for starting the project with the same amount of investment instead of starting it today. The company has the following data: (a) cost of equity = 10%, (b) market return = 11%, (c) levered beta = 0,80, (d) standard deviation (volatility) = 20%. What would be the strategic net present value? O 1,91 O 3,91 O 5,91 02.91 Dier: 2- Which one of the rates below makes the net present value of the following cash flows equal to zero? Date Cashflow 08/06/2018 (800) 08/08/2019 100 08/12/2020 200 08/06/2021 300 08/06/2022 400 08/01/2023 500 19,54% O 19,56% 19,58% O 19,60% 3- Suppose that two projects (L and S) are being evaluated. These projects are mutually exclusive, and equally risky. If you select the project with the higher MIRR, how much value would be forgone? WACC: Year 10.25% 0 -$2,050 -$4,300 1 $750 $1,500 2 $760 3 $770 CFS CFL $780 $1,554 $1,518 $1,536 O 134,79 141,89 O 149,36 O 164,29 O Dier