1.     Citigroup's p-e ratio is 10x, while J. P. Morgan's p-e ratio is 12.6x. If you believe Citigroup has equal prospects for future eps growth, which stock would you buy?

2.     Calculate the NPV for the following project where the WACC is 6%: $100 invested today and after-tax returns of $20 at the end of Year 1, $34 at the end of Year 2, and $33 at the end of years 3 and 4. (First draw a timeline.)

3.     If Alibaba is considering investing $1 billion in a new warehouse, and the NPV is calculated to be +$1, and the WACC is 7.4%, what is your approximate estimate for the IRR? (No calculations needed.)

4.     Calculate the MIRR for a project where the WACC is 7%: Invest: $97 today plus $30 at the end of year 2. Returns: $30, $36, $40, and $45 to be received at the end of years 1, 2, 3, and 4, respectively. (Draw a timeline and express your answer as a % carried to 1 decimal place.)

5.     What was Fun Co stock's annual total return (ATR) for 2020 if you bought it for $20 on 1/1; received a $.40 dividend on 3/1 when the stock closed at $18; received a $.40 dividend on 9/1 when the stock closed at $20; and on 12/31 sold the stock for $22? (Express your answer as a percent carried to 1 decimal place.)