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Cash flows for projects F ana G are given below The cost d capital for protects

ID: 2760474 • Letter: C

Question

Cash flows for projects F ana G are given below The cost d capital for protects of this type is 10% Assume that the forecasted cash flows are overstated and should be 8% lower than those provided by the protect analyst But a lazy financial manager. unwilling to take the time to argue with the prefects sponsors, instructs them to use a discount rate of 18%. Assume the year 5 cash flow is a perpetuity a. What are the projects true NPVs? (Do not round intermediate calculations. Round your answers to 2 decimal places.) What are the NPVs at the 18% discount rate? (Do not round intermediate calculation. Round your answers to 2 decimal pieces.)

Explanation / Answer

Project F Project G Project F (8% correction) PV @ 10% Project G(8% correction) PV @ 10% 0 C0         (10,900)         (10,900)                                    (10,900)                                    (10,900)                                    (10,900)    (10,900) 1 C1              7,900              2,180                                         7,268                                         6,607                                         2,006         1,823 2 C2              6,900              2,180                                         6,348                                         5,246                                         2,006         1,658 3 C3              5,900              2,180                                         5,428                                         4,078                                         2,006         1,507 4 C4                     -                2,180                                                -                                                  -                                           2,006         1,370 5 C5                     -                2,180                                                -                                                  -                                           2,006         1,245 NPV                                         5,032      (3,297) Project F PV @18% Project G PV @18% 0 C0         (10,900)         (10,900)    (10,900)                                    (10,900) 1 C1              7,900              6,695         2,180                                         1,847 2 C2              6,900              4,955         2,180                                         1,566 3 C3              5,900              3,591         2,180                                         1,327 4 C4                     -                       -           2,180                                         1,124 5 C5                     -                       -           2,180                                             953 NPV              4,341                                       (4,083)

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