Question 2 You are employed at Ocean Carriers, a renowned shipping company. Your boss asks you to value two different, alternative investment opportunities the company is currently eyeing. The first one involves the purchase of a new capesize; the second, the acquisition of an oil refinery in the US. Your boss tells you to use the company's WACC to value each investment. 1. Do you agree with your boss's suggestion? Carefully motivate your answer. 2. Explain in detail how you would go about the valuation of the two projects. 18 marks Question 2 You are employed at Ocean Carriers, a renowned shipping company. Your boss asks you to value two different, alternative investment opportunities the company is currently eyeing. The first one involves the purchase of a new capesize; the second, the acquisition of an oil refinery in the US. Your boss tells you to use the company's WACC to value each investment. 1. Do you agree with your boss's suggestion? Carefully motivate your answer. 2. Explain in detail how you would go about the valuation of the two projects. 18 marks