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I am not sure how to do the first two questions an answer with the first two questions would be really helpful The following information

I am not sure how to do the first two questions an answer with the first two questions would be really helpful
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The following information pertains to questions 32 to 35. Energy Corp. has a market capitalization of $15 billion and debt with market value of $5 billion. Energy will keep its current Debt-to-Equity ratio constant. The equity cost of capital is rE 10% and the cost of debt is rp = 6%. The corporate tax rate is 35%. Assume a market risk premium of 6% and a risky-free rate of 5%. = 9 The firm is considering an expansion project (i.e., same risk as the firm's assets) with the following cash flows: Year 0 12 Free Cash Flows (SM) -100 70 120 32. What is the Net Present Value of the project? (A) S 65.00M (B) $ 66.51M Correct (C) $ 70.00M (D) $ 72.24M 33. Assume (correctly or incorrectly) that the Net Present Value of the project is $65M. How much new equity will Energy need to start the project? (A) S 75.00M (B) $ 58.75M Correct (C) $ 50.50M (D) $ 45.00M

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