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ABC Ltd is listed on the ASX and has 15,000 shares outstanding that are currently trading at $35 each. It is an all equity firm.

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ABC Ltd is listed on the ASX and has 15,000 shares outstanding that are currently trading at $35 each. It is an all equity firm. ABC has four independent business ventures under consideration, all with a risk level requiring a return of 12% pa. IRR NPV Venture W 8.9% Venture X 15.3% -$4,356 $9,730 $2,560 $8,550 Venture Y 23.5% Venture Z 13.3% (a) Which is the best business venture and why? (b) What is the effect on share price if all valuable ventures are accepted

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