4. [12 marks] The Alpha Muluple Fund (AMF), specialising in financing sustainable initiatives, is considering investing $200 million in Clean Energy Project (CEP Co.) as a fixed-rate debt. All surplus cash is invested in money market funds that yield 6% annually without exposing the firm to any downside risk. AMF has historically generated a pre-tax average annual return on investment of 15% on similar long-term investments and is expected to continue to do so in the future. However, the investment opportunities may quickly shrink; hence, the fund must evaluate other project proposals, and all projects available today are mutually exclusive. The tax rate is 35%. The fund's investment policy is only to commit funds for long-term projects with a lifespan of 3 years or more. AMF will charge CEP Co. a one-time investment processing fee of a total 3% (after-tax) of the initial investment; this expense will be paid by CEP Co. annually (starting at t=1) in equal instalments over the project's