First Firm was founded by a lady. She founded it with $564 of her own money. Upon founding and investing her own money, she issued herself 74 shares. One year later, an angel investor purchased 28 shares for $338. Finally this year, the founder sold 91 shares for $631 to VC. How much is the firm worth following the most recent VC funding round? Question 13 First Firm has 928 shares outstanding and free cash flows of $46 per year. The firm's cost of capital is 0.12. First Firm has $26 of cash. Firm leadership wants to decide whether it should repurchase shares of make an investment with its cash. The investment would increase yearly cash flows to $50 per year. What is the NPV of the investment? Question 14 First Firm has an equity beta of 0.79 and a leverage ratio of 0.26. Second Firm has an equity beta of 1.24. First Firm and Second Firm are comparable firms (same industry, same size, same customers, same inputs, same outputs, same suppliers, same geographical region, etc). What is Second Firm's leverage ratio