Question 1. You are a real estate investor and you are considering an offer to buy an office building for a price of $84,000,000 You project that the building will generate net annual cash flows (starting at the end of the 1st year and continuing on in perpetuity) of $12,000,000 What is the IRR (Internal Rate of Return) of the investment (Answer to the nearest 0.01%)

Question 2. You are a real estate investor and you are considering an offer to buy an office building for a price of $147,000,000 You project that the building will generate net annual cash flows (starting at the end of the 1st year and continuing on in perpetuity) of $4,000,000 If you require a 10% rate of return for similar investments, what is the NPV (Net Present Value) of the investment (Answer to the nearest $0.01)

Question 3. You are considering the investment of $153,000 (today) in a lemonade stand. Also, you expect the stand to generate the following future cash flows: At the end of year 1: $0 At the end of year 2: $0 At the end of year 3: $0 At the end of year 4: $292,000 What is the IRR (Internal Rate of Return) of this project? Question 4 You are considering the investment of $10,000 (today) in a lemonade stand. Also, you expect the stand to generate the following future cash flows: At the end of year 1: $3,000 At the end of year 2: $2,000 At the end of year 3: $1,000 At the end of year 4: $6,000 What is the NPV (Net Present Value) of this project, if you require a 17% rate of return? (Answer to the nearest $0.01)

Question 4 Cactus, Inc., had revenues of $95 million, cash operating expenses of $28 million, and non-cash depreciation expense of $11 million during the year. Also during the same year, the firm purchased $6 million of additional equipment during the year while increasing its working capital investment by $10 million. The tax rate for Cactus is 25%. What is Cactus' free cash flow for the year? Answer to the nearest $0.01 million

Question 5 Acme, Inc., had revenues of $90 million, cash operating expenses of $29 million, and non-cash depreciation expense of $11 million during the year. Also during the same year, the firm purchased $12 million of additional equipment while also increasing its working capital investment by $7 million. Additionally, the firm had $7 million in interest expense. The tax rate for Acme is 25%. What is Acme's free cash flow for the year? Answer to the nearest $0.01 million