Question 3 Consider the information in Table 4 about an investment opportunity that can be deferred. A hedge fund manager is studying this investment opportunity. Table 4 Expected cash ow (CF) year 1 30 million 9 perpetuity growth rate of OF 1.5% k cost of capital 11% K investment cost 320 million 0 standard deviation of CF 20% r risk free rate 3% a opportunity cost 8% a. What is the \"static\" Net Present Value of this investment opportunity? Explain your answer and present the result rounded to one decimal place (example 1.75 to 1.8). [5 marks] b. What is the value of this investment opportunity using the Dixit and Pindyck (D&P) model (use the input B = 3.89 in the D&P model)? Explain your answer. Present your result rounded to one decimal place. [10 marks] c. Do you agree with the following statement: \"This investment opportunity should be accepted by the investor\"? Explain your answer. [10 marks]