Expected free cash flows from this 10-year campaign Time Cash flows (CF) Amount 0 1 2 3 4 5 CF (negative) How much cost incurs today? CF1 CF2 CF3 CF4 CF5 GIVEN GIVEN GIVEN GIVEN GIVEN Discount rate Use WACC that is obtained from Q3 Net present value (NPV) Internal rate of return (IRR) Use Excel formula =IRR(C5:M5) CF + NPV = CF0+ CF1 CF2 (1+IRR) (1+IRR) + CF + (1+k) (1+k) + CF2 CFn + + (1+k)n CFn ... + = 0 (1+IRR)" Payback period Note: "GIVEN" means that the data is directly provided in the assessment text. Please read the hints in combination with the assessment questions. ?