1. Is it possible to make a company "look good, financially" to generate high valuations when you want to sell a business? What would you do? How would you recognize this tactic in a business you were interested in buying?
2. A project that provides annual cash flows of $2,400 for 10 years costs $13,100 today. Required: (a) If the required return is 9 percent, what is the NPV for this project? (b) Determine the IRR for this project.