1. The cost of capital for a project is determined by: A) The cost of borrowing that a company is charged by creditors. B) The industry cost of capital. C) The risk of this project's expected cash flow. D) The required rate of return of the company's shareholders. 9. In financial planning, the amount of external capital required is determined by A) investment in net working capital plus investment in fixed assets. B) investment in net working capital minus operating cash flow. C) investment in net working capital plus investment in fixed assets and minus operating cash flow. D) investment in net working capital plus investment in fixed assets, plus dividends and minus operating cash flow. 13. Given the following data for a project, calculate the project's NPV. (in $,000,000) Co C1 C2 Cash flow in nominal terms -100 75 60 Inflation rate 2% Cost of capital in real terms 6% A) $19.03 million. B) $20.88 million. C) $24.15 million. D) $29.37 million