9. Think about changes in a project once it has been accepted and moving forward. Here are 4 potential scenarios. For each, assume everything else stays the same and describe what you expect to happen to a project's expected NPV, and WHY that is your expectation. (2 pts for each of the following). Recall the 3 important factors for value: riskiness of cash flows (think required rate of return), timing of cash flows, and amount of cash flows. As MBA students, just being able to calculate NPV isn't sufficient. You should be able to consider the effects of various market or project changes on the project's viability. LOOK AT EACH SITUATION INDIVIDUALLY AND ASSUME THAT THERE ARE NO OTHER CHANGES FOR THE FIRM. a) Your workforce voted in a new union, raising wages for most line-workers. There has been no change in your product pricing or other expenses/revenue projections. b) Once construction began on the project, a rare black-footed ferret was found nearby. Environmental groups have demanded that the project halt operations for 9 months while the ferrets are found and relocated. Once the ferrets were moved, operations continued as originally planned, but with all cash flows shifted out by 9 months. c) Due to a (lucky) miscalculation by the marketing folks, demand for your project's products has increased in the early years of the project, but that "stole" sales from future years. The same total inflows were achieved, but the timing was more front-loaded than anticipated