1. Of the five global product and communications strategies, which best describe L'Oreals approach?
2. Will L,'Oreal continue to succeed at such a high level? Why or Why not?
3. Project L costs $60,000, its expected cash inflows are $14,000 per year for 11 years, and its WACC is 11%. What is the project's NPV? Round your answer to the nearest cent. Do not round your intermediate calculations.
4. Project L costs $40,385.89, its expected cash inflows are $9,000 per year for 8 years, and its WACC is 14%. What is the project's IRR? Round your answer to two decimal places.