1. list and discuss three challenges you are likely to experience in undertaking valuation of a private company.
2. Capital Budgeting: What major steps are involved in the capital budgeting process? What is NPV, PI, IRR? Explain the decision rule conflict problem and weighted-average cost of capital.
3. Sum the present values of the following cashflows to be received at the end of each of the next six years $1,500, $3,500, $3,750, $4,250, $5,000, $5,000 when the annual discount rate is 4%.