1. WACC is 13%. D/E = 2.0. This investment requires $1 million up front. CFs are expected to be indefinite and will occur at the end of every year going forward starting at the end of the first year. The growth rate is constant at 5% annually, and next years cash flow (CF1) is projected to be $175,000. What is the NPV of this project? *** Round to whole number

2. The cost of equity is 25%. The cost of debt is 5%. The D/E is 3.0. The tax rate is 36%. What is WACC? *** Round to 2 decimal places

3. WACC is 14%. D/E is 2.5. The investment requires $300,000 up front. Projected annual cash flows are: CF1 = $100,000, CF2 = $150,000, and CF3 = $130,000. What is the NPV of this project? *** Round to whole number