What is the net present value of this project

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Reference no: EM133022839

Question - Assume that B Corporation is considering the establishment of a subsidiary in Norway. The initial investment required by the parent is $5,000,000. If the project is undertaken, B Corp. would terminate the project after four years. B's cost of capital is 13%, and the project is of the same risk as B's existing projects. All cash flows generated from the project will be remitted to the parent at the end of each year. Listed below are the estimated cash flows the Norwegian subsidiary will generate over the project's lifetime in Norwegian kroner (NOK):

Year 1

Year 2

Year 3

Year 4

NOK10,000,000

NOK15,000,000

NOK17,000,000

NOK20,000,000

a. Refer to above information. What is the net present value of the Norwegian project? Briefly discuss.

b. Refer to above information. Assume that NOK 8,000,000 of the cash flow in year 4 represents the salvage value. B Corp. is not completely certain that the salvage value will be this amount and wishes to determine the break-even salvage value? Briefly discuss.

c. Refer to above information. B Corp. is also uncertain regarding the cost of capital. Recently, Norway has been involved in some political turmoil. What is the net present value (NPV) of this project if a 16% cost of capital is used instead of 13%? Briefly discuss.

Reference no: EM133022839

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