Question 11 (50 points) Question 1 (a) You are considering investing in a start-up company. The founder asked you for 200 today and you expect to get 850 in 15 years from now. The cost of capital is 20%. Compute the Internal Rate of Return and the Net Present Value of this investment and comment on your findings. [10%] (b) Define four popular budgeting techniques used by managers and discuss whether they satisfy the properties that maximise investors' wealth. [25%] (c) Compare and contrast the Net Present Value and Internal Rate of Return budgeting techniques. [15%]