* You must show your work step by step. (No credit is given, if you just put the results)

***You can use Excel for calculations if you wish, but all solutions must be typed as Microsoft Word text.

Must answer each letter, All one question

A .What is the future value of the following cash flow stream at a rate of 12.0%?

Time	Cash Flow
0	$0
1	$1,500
2	$3,000
3	$4,500
4	-$6,000

b. Company X is planning to acquire Company Y, which cost $10 million. Company X has currently $2.3 million. If going interest is 5%, how long Company X must wait to generate enough money to acquire company Y?

Suppose 1-year Treasury bonds yield 4.00% while 2-year T-bonds yield 5.90%. Assuming the pure expectations theory is correct, and thus the maturity risk premium for T-bonds is zero, what is the yield on a 1-year T-bond expected to be one year from now?

C. Mirante Company is considering a project that has the following cash flow and WACC data. What is the projects Discounted payback, NPV, IRR, and MIRR?

Year	CF
0	(850)
1	300
2	320
3	340
4	360

WACC: 10.00%