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1. What are the unique characteristics of large energy projects, and why cant one apply the standard corporate finance framework to finance these projects? 2.

1. What are the unique characteristics of large energy projects, and why cant one apply the standard corporate finance framework to finance these projects? 2. Explain how value is created using project financing. Use the Modigliani and Miller (1958) world and the five imperfections to answer the question. 4. What are the benefits of Centralized Finance for large energy project?

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