When analyzing several alternative projects, it is advisable to follow the following procedure except: a) define reasonable existing alternatives b) estimate differential cash flows for each alternative c) for independent projects, invest in those that generate a positive NPV d) all of the above are correct procedures

The present value of a cash flow that generates $ 0.5 MM for three consecutive years and that has a discount rate of 12% per year is: a) $ 1.30MM b) $ 1.45MM C) $ 1.20 d) $ 1.10MM