A firm is considering Projects A and B. These projects are at the same risk level, and only one should be chosen. If the wrong project is selected, how much potential value would the firm lose? Cash flows are shown below. WACC: 7.75% 0 1 2 3 4 $380 $380 $380 $380 CFA -$1,025 CFB -$2,150 $765 $765 $765 $765 Answer: Efficient Market Hypothesis (EMH) classifies three levels of Market Efficiency: Weak form efficiency, Semi-strong form efficiency and strong form efficiency. (i) Search on internet, find ONE example of weak form efficiency in stock or investment market, the event must be on or after 1st January 2019. Explain your answer. Provide the relevant internet link(s) (URL) in your answer. (4 marks) (ii) Search on internet, find ONE example of semi-strong form efficiency in stock or investment market, the event must be on or after 1st January 2019. Explain your answer. Provide the relevant internet link(s) (URL) in your answer. (4 marks) (m) Search on internet, find ONE example of inefficient market in stock or investment market, the event must be on or after 1st January 2019. Explain your answer. Provide the relevant internet link(s) (URL) in your answer. (6 marks) ABC Corporation has net cash flow from financing activities for the last year of $60. During the year, the change in notes payable on the balance sheet was $54, and change in common and preferred stock was $3. The company paid $48 in dividends last year. The end of year balance for long-term debt was $264. Calculate the beginning of year balance for long-term debt. The manager of ABC Inc. targets to earn a net income of $6.5 in 2020. Firm's tax rate will be 30 percent, interest expense is expected to increase to $2.4, depreciation expense is $5.8, and the cost of goods sold is expected to be 60 percent of net sales. Calculate the net sales needed to produce net income of $6.5. You borrowed $75,000 and have to repay it in 6 equal installments at the end of each years. The loan interest rate is at 9.5% per annum. How much principal would you reduce in the first year? You are considering an annuity that pays $51,200 at the end of each year for 25 years. With same level of risk, you could earn 6% on your money in other investments. How much you are willing to pay for this annuity? If ABC Inc, just paid dividend $3, with g (which is constant) at 6%, and with share price at $40.00, what is the stock's expected total return for the coming year? (Give your answer in decimal number, not percentage; and to 4 decimal places, e.g. 0.1234)