Please help to answer the questions below :

Question 1_(50 points) Pak Andi and Bu Indah are finance officers in PT Sukamaju Tbk., an Indonesian firm located in Semarang. They are analyzing the proposed two business projects of the firm. They reasonably estimate that the cash flows of those projects shall be: Year Project Garuda Project Nusantara IDR 700,000,000 IDR 800,000,000,000 2 IDR 800,000,000 IDR 400,000,000,000 3 IDR 500,000,000 IDR 600,000,000,000 4 IDR 900,000,000 IDR 500,000,000,000 They count that the initial investments required for project Garuda is IDR 1,000,000,000 and for project Nusantara is IDR 1,000,000,000,000. The initial estimate of the appropriate discount rate for both projects is 17 percent. As a new hire, you are required to help them in capital budgeting analysis. a) Calculate the NPV and IRR for both projects! (20 points) b) According to the answers in a), which project shall be accepted? (10 points) c) Explain the potential problems in the capital budgeting analysis in this situation! (10 points) d) How the answers in a) could change if those projects' risks are significantly different! (10 points)Question 2_(50 points) Mrs. Linda and Mr. David are finance officers doing bond and stock analysis. PT Hebat Tbk. is planning to issue an eight-year maturity IDR 100,000,000,000 bond with a 12 percent annual coupon rate and paid semi-annually. Suppose that a similar and comparable (all-else equal) competitor of PT Hebat Tbk., namely PT Baik Tbk., has IDR 1,000,000,000,000 eight-year maturity bond with 14 percent annual coupon rate, also paid semi-annually. a) What is a reasonable estimate the PT Hebat Tok could expect from the proceeds of issuing its bonds? (15 points) b) What happens if PT Hebat Tok only wants to sell its bond for IDR 95,000,000,000 or above? Explain! (10 points) They also analyze the firm's equity. According to the recent RUPS (Rapat Umum Pemegang Saham), at the beginning of this year, the firm is expected to pay a cash dividend of IDR 8,000 per share at the end of this year. They consider that the firm will attain a sustainable growth rate of 3 percent per annum forever. They consider that a 10 percent is an appropriate equity discountrate. c) Estimate the firm's equity value per share now (at the beginning of this year)! (15 points) d) Due to the pandemic uncertainties, explain what are reasonable points that they to adjust their equity valuations in part c)? Explain! (10 points)