1. Bitbynet Ltd was incorporated on 21 January 2000 and has adopted the replaceable rules as its constitution. What happens to the company’s internal governance rules if the Corporation Act 2001 (Cth) is amended?
2. Derive an analytical relationship between simple payback period and internal rate of return (IRR) over a 15-year assessment period for a project with a single fixed capital payment (K) at the beginning of year 1 and equal constant-dollar annual net benefits over this period (B). Hint: the simple payback period will be K/B.