Question 21 A project to build a new hydroelectric dam has the following cash-flow profile. Calculate the Debt Service Cover Ratio in year 4. Yr! In Euro Millions Revenues Yr2 0.00 Yr 3 Yr 4 Yr 5 JYr 6 0.00 0.00 500.00 525.00 551.25 Operating Cash Flow (net) -1000.00 -1000.00 -500.00 200.00 210.00 220.50 Financial cashflow -200.00 -1000.00 -500.00 200.00 210.00 220.50 60.00 0.00 120.00 0.00 - 120.00 0.00 - 120.00 0.00 115.50 -75.00 - 11100 -75.00 Debt Interest on debt Repayment of debt Cashflow aftor dobt servic Cumulative cashflow 740.00 - 120.00 -620.00 80.00 19.50 34.50 740.00 620.00 0.00 80.00 99.50 134.00 a) 0.66 b) 1.5 c) 1.67 d) 2.5 e) 1.78