When a firm engages in international transactions through its multinational operations, including joint ventures or subsidiaries, it faces risks and uncertainties not limited to the following:

- Cash flow uncertainties

- Cost of Capital of multinational projects

- Multinational tax and political uncertainties

1. Consider a multinational firm of your choice (Alphabet Inc.) and discuss details of how you will evaluate the Return on Investment (ROI), and comparative rate of return (IRR) and Net Present Value (NPV) of multinational project versus the domestic firms cost of capital and ROI