Yachting Daily has a project that is estimated to produce operating cash flow (OCF) of $55,000 for each of the next five years. The company estimates that net working capital will increase in year one and then remain the same until year five when it will return to its original (year zero) value. All else equal, how will the net cash flow (NCF) compare to OCF in year three of the project? NCF OCF Yachting Daily has a project that is estimated to produce operating cash flow (OCF) of $55,000 for each of the next five years. The company estimates that net working capital will increase in year one and then remain the same until year five when it will return to its original year zero) value. All else equal, how will the net cash flow (NCF) compare to OCF in year three of the project? NCF OCF ONCFOCF NCF > OCF The common stock of Highlyte Corp. has an expected return of 13%. The expected market risk premium is 9% and the risk-free rate is 4%. What do you know about Highlyte's beta? Beta is negative Beta is 1 Beta is more than 1 Beta is 0 Rachel has three investment options: Stock X, Stock Y and Stock Z. Stock X has an expected return of 10%, Stock Y has an expected return of 22% and Stock Z has an expected return of 3%. The expected market return is 9%. Which stock should Rachel purchase to minimize her systematic risk? Stock X Stock Y Stock Z