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It stated maximum NPV, so I did A, B and C, but I wrote a comment on why I was taking B over D.
In Q1 I think the NPV should have been negative as in the next Q part they said assume the NPV for Project E is 0.
WACC was 9%
10.3 x (75/(75+15) + 4(ish) x (15/(75+15))
Beta was 12.6
4% + 1.226 (11% – 4%)
TERP I used the wrong figure so got $4.56 (hopefully did the right calc though)
WC days I got 110 for 2014
Quick Ratio I got like 0.95 so may have mucked that up.
