15.The ABC Resort is redoing its golf course at a cost of $782,000. It expects to generate cash flows of $406,000, $788,000 and $155,000 over the next three years. If the appropriate discount rate for the company is 12.0 percent, what is the NPV of this project (to the nearest dollar)?

Select one:

a. $394397

b. $319015

c. $201049

d. $1883015

16.ABC Limited has a stable sales track record but does not expect to grow in the future. Its last annual dividend was $6.73. If the required rate of return on similar investments is 15 percent p.a., what is the current share price? (to the nearest cent; don't use the $ sign)

17.The method which provides correct rankings of mutually exclusive projects, when the firm is not subject to capital rationing.is:

Select one:

A. Net present value

B. Internal rate of return

C. Payback period

D. All of the above