The following information is available about Green Valley Ltds newly issued securities and investment projects under consideration. - A corporate bond that has 12% annual coupon rate, yield to maturity of 10.5%. The bonds have a face value of $1,000 and will mature 15 years from now. - A preference share, which pays a fixed dividend rate of 14%, face value of $100. - Two alternative investment projects, of which the company only has enough capital to undertake either of them Year Project A Project B Initial Investment $88,500 $98,500 1 $45,000 $51,000 2 $39,000 $48,000 3 $33,000 $43,000 4 $31,000 $42,000 Required: a) Compute the value of Green Valley Ltds bond. (4 marks) ANSWER: b) Compute the value of Green Valley Ltds preference share if the required rate of return for shares of this type is 13.5%. (3 marks) ANSWER: c) Advise the companys management on which project the company should choose, using Profitability Index (PI) investment criterion if the required rate of return is 10%. (4 marks).