a. What are the redeeming qualities and shortcomings of the internal rate of return (IRR) method in capital budgeting analysis? explain

b.Explain conceptually in detail what the weighted average cost of capital (WACC) is and the role it plays in capital budgeting.

c. Explain why the opportunity cost and net working capital (NWC) are included, while the financing costs and sunk costs are NOT in the cash flow analysis.