Answer the questions below for ocean carrier case study harvard, Show me the manual calcualtions step wise for each question: $1.$What factors drive average daily hire rates?

$2.$ Should Ms$.$ Linn purchase the $$39$M capsize?

a$.$ Assume Ocean Carriers is a U$.$S$.$ firm subject to $35\%$ taxation.

b$.$ Assume it is located in Hong Kong and is not required to pay any taxes.

$3.$ What do you think of the company$$s policy of not operating ships over $15$ years old? The risk$-$free rate is $6\%$ and the cost of capital for its risky cash$-$flows is $9\%$