pls answer each of the following

Part 1: Answer each of the following questions (11 marks) 1. The WACC is used to A. the expected cash flows when the firm has B. discount; debt and equity in the capital structure increase; debt and equity in the capital structure D. discount; short term financing on the balance sheet E. decrease; short term financing on the balance sheet None of these. 2. A. For the unlevered firm the unlevered beta is equal to the levered beta. B. greater than C. less than D. sometimes greater than and sometimes less than E. None of these. 3. The value of the firm always increases as the firm manages to do all the following except A. B. Reduce the marginal tax rate Reduce the operating risk of the firm C. D. Reduce the cost of capital 4. Reduce the research and development expenses. If the market regression for the P/E multiple is PE = 291.27 g + 37.74 payout - 21.62 beta For firm XYZ the growth rate is 20%, the payout ratio is 40%, the beta is 0.7, and the actual P/E is 40. Is the firm XYZ: A. Overpriced B. Fairly priced C. Underpriced D. Cannot be determined 5. Free cash flow to the firm is calculated as: A. EBIT - tax + depreciation - capital spending increases in non-cash working capital. . EBIT - tax -(depreciation + capital spending increases in non-cash working capital. C. EBIT + tax + depreciation - capital spending - increases in non-cash working capital. D. EBIT - tax - depreciation - capital spending + increases in non-cash working capital. E. EBIT fedex + depreciation capital spending + increases bo non-cash working capital. 6. Zero had a FCFE of $4.5M last year and has 2.25M shares outstanding. Zero's required return on equity is 10% and WACC is 8.2%. If FCFE is expected to grow at 8% forever, the intrinsic value of Zero's equity is A. $108.00 B. $14.76 C. none of the above D. $1080.00 E. $26.35 CBT ( 1 , T ) )