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1. A firm has undertaken a feasibility study to evaluate a project that has the

ID: 2630699 • Letter: 1

Question

1. A firm has undertaken a feasibility study to evaluate a project that has the following estimated cashflows:

-Amount borrowed to fund project is $200,000 with interest of 8% pa paid yearly.

If the firm is facing a discount rate of 10%, what is the NPV of this project?

a. $395,999

b. $516,155

c. $455,420

d. $506155

2. Tank Ltd is considering undertaking the purchase of a new piece of equipment that is expected to increase revenue by $12,000 each year for six years. The equipment will increase costs $4,000 each year for six years. It costs $32,000 to purchase today and for tax purposes must be depreciated down to zero over its 8 year useful life using the straight-line method. If Tank is actually forecasting a salvage (for capital budgeting purposes) of $5,000 after 6 years, what is the machine's net cash flow (after tax) for year 6? Assume the tax rate is 30%.

a. 12,400

b. 11,800

c. 13,000

d. 12,700

3.

What is the Net Present Value of a project with a discount rate of 6% p.a.compounded annually, whose net cash flows are forecast to be: (Choose the closest answer)

2,677.32

2,459.95

3,207.55

2,380.01

a. 12,400

b. 11,800

c. 13,000

d. 12,700

3.

Explanation / Answer

1.c. $455,420

2.b. 11,800.

1.d      
2,380.01