Answer all questions in MS Excel. Your final submission should be an MS Excel file. Make sure to insert formulas wherever applicable/necessary.

Q1. What are the different options available to finance an SPV? In this context, also explain the cash-flow waterfall.

Q2. What is the difference between Mezannine Financing, senior debt and subordinated debt? Explain the advantages of mezannine financing using relevant numerical examples.

Q3. There are three projects with unequal lifecycles. Which technique(s) will help you select one project out of the three? Explain with the help of relevant numerical examples.

Q4. Explain the concepts of Option to Expand and Option to abandon using relevant numerical examples. You may make your own assumptions as well.