In shareholder value approach TWACC is calculated by the following formula: WACC = x[rp (1-1)]+(1x)[r + (M -F)] a) Please name what is abbreviated by "A". The management of a company uses a value-based management approach to decide on a project Y which has the following cash-flow: Year Project Y 0 1 -10.000 2 3 +12.293,12 The project's risk exceeds the risk of market by 25% The company has a tax rate of 30% and pays an interest rate of 5% p.a. for its debt. Market's excess return is expected to be 8 % p.a. Riskless return rf is 2% p.a. b) Please calculate the value (NPV in ) of the project Y if it is financed by 100% equity. c) Please calculate the value (NPV in ) of the project Y if it is financed by 100% debt.