Question 7 answer = 62 million

Question 8 answer = 1100/79

Question 9 answer = 21.81

Question 10 answer = 6375

Please show working and explain it.

PPP firm is considering a project that has a NPV of $88 million. If PPP has access to risk-free financing which can create a permanent annual tax shield of $6 million, what is the project's APV (adjusted present value) assuming a 4% risk-free interest rate? APV (round to two decimal places) =$ mil Question 8 Suppose that a corporate bond has one year to maturity. The bond has a par value of $1,000 and its annual coupon rate is 8%. After evaluating the risk, an investor concludes that the bond has a 24 percent probability of default and payment under default is $505. The current price of the bond is $ 948. If the investor decides to buy the bond now, what is the promised yield (in \%) on the bond? (Round to two decimal places) Promised yield (in \%) = Question 9 Suppose investors expect a 4% inflation rate in the future. The real risk-free rate is 4%, and the market risk premium is 7%. The stock of Everest Expeditions has a beta of 1.973. The stock's realized rate of return was averaged at 21.21% over the last 5 years. What is the required rate of return (in % ) for the stocks of Everest Expeditions? (Round your answer to two decimal places) Required rate of return ( in %)= Question 10 Lily, a sole trader, is considering a project A which requires an initial investment of $855( i.e., t=0). The project is expected to generate permanent sales of $1239 per year from year 1 . Costs are $585 for the first year (i.e., t=1 ) and will increase by 21% per year over the subsequent 3 years. Ignore taxes and calculate the NPV of the project at a 13% cost of capital. (Round your answer to two decimal places) NPV of the project (in S) =