12. Which of the following projects would be the most desirable on a ri sk-adjusted basis? Expected IRR of i0% with a standard deviation of 25% Expected IRR of 9% with a standard deviation of 13% Expected IRR of 15% with a standard deviation of 26% c. 13, Re-evaluating a financial model after changing a single assumption at a time refers to which of the following? Monte Carlo Simulation Scenario Analysis c. Sensitivity Analysis 14. A firm has a capital budget of $80,000 and has the opportunity to invest in 5 different projects initial investment and NPV of the projects is shown in the table. In which combinatioo . The the firm invest? Outlay $45,000 $40,000 $20,000 $18,000 $15,000 NPV $18,000 S16,000 9.000 $8,000 $4,000 Project l Project2 Project 3 Project 4 Project 5 A. Projects 1, 3, and 5 B. Projects 2, 3, and 4 C. Projects 1, 3, and 4 15., Which of the following BEST describes the process of "partitioning the IRR"? Using the IRR as a discount rate and determining how much of the present value comes fron operating cash flow versus cash flow from salvage value Dividing the IRR into before-tax and after-tax IRRs Determining how much of the firm's overall IRR comes from each asset in the portfolio B. C. 16) The Coffee Express has computed its fixed costs to be $.27 for every cup of coffee it sells giver annual sales of 739,000 cups. The sales price is $.99 per cup while the variable cost per cup is $.12 y cups of coffee must it sell to break even on a cash basis? A) 229,345 146,472 C) 251,910 D) 167,630