Please make sure that all three letters are answered, should not be a long or difficult problem. If you need a textbook reference please let me know, thank you.

Textbook- Valuation: The Art and Science of Corporate Investment Decisions, 2 nd Edition Chapter- 13 Problem: 13-2 Analyzing a Strategy Using Option Analysis Reliable Industries is considering the construction of a power plant investment in India. Reliable's analysts calculate that the cost of building the plant is $600 million, and the IRR of the plant is 13%. The analysts also estimate that, given the experience of building the first plant, a second plant can be built for $550 million and additional plants can be built for about $550 million each. 1. How would you go about evaluating whether or not to build this power plant in India? 2. Are you evaluating a project or strategy? 3. How does the risk associated with the power plant strategy compare with the risk associated with the individual power plants