1. What technical and administrative skills are required for successful budget execution at that level of government?
2. ABC borrows $1250000 by issuing a 3-year bond. ABC's cost of debt is constant at 11% and the marginal tax rate will remain constant at 35%. What is the value of the YEARLY interest payment ABC will make on the 3-year bond?
3. A project has an initial cost of $61,800, expected net cash inflows of $12,000 per year for 10 years, and a cost of capital of 9%. What is the project's NPV? (Hint: Begin by constructing a time line.) Do not round your intermediate calculations. Round your answer to the nearest cent.