1. The case on 'Airport Express Metro Line- Infrastructure Financing' discussed in the class may be referred to for answering the following question. (8 marks) (ICLO 5) If Viability Gap Funding (VGF) is provided for the following years towards land and construction cost, what will be the IRR of the project under this approach and your final decision? All other aspects viz, revenue, costs calculated for the Phase I project holds good for the VGF proposal. (Only the final cash flows and the IRR to be shown in the paper along with the final decision) Year Total Land and Construction cost Viability Gap Funding (INR in billions) (INR in billions) 2007 256 101 2008 910 356 2009 1086 427 2010 1140 448 2011 289 114 2012 130 51