(NPV and IRR): Goldman Sachs and Morgan Stanley are competing to sponsor the Uber IPO. The cost of the IPO for each investment bank is listed at Time 0 (in millions) and the expected revenue generated from the IPOs are listed in millions for the next 5 years. Time 4 Goldman Sachs ($8.00) $4.00 $4.00 $2.00 $1.00 $0.50 Morgan Stanley ($7.00) $2.00$1.00 $2.00 $3.00 $4.00 I. Calculate the NPV for Goldman Sachs AND Morgan Stanley if WACC is 15%. Would Goldman Sachs or Morgan Stanley generate a higher return from the IPO? Calculate the NPV for Goldman Sachs AND Morgan Stanley if WACC is 12%. Would Goldman Sachs or Morgan Stanley generate a higher return from the IPO? At what rate of interest would Goldman Sachs and Morgan Stanley generate the same return (calculate the crossover rate)? 2. 3