1. Project L costs $55,000, its expected cash inflows are $14,000 per year for 12 years, and its WACC is 9%. What is the project's NPV? Round your answer to the nearest cent. Do not round your intermediate calculations.
2. Describe the significance of US equity risk premiums as a method of comparison with other countries (150 words and do not plagiarize)
3. An acceptable project should have a net present value greater than or equal to zero and a profitability index greater than or equal to one. True False