The treasurer of a large firm is considering investing
1. The treasurer of a large firm is considering investing $50 million in 10-year Treasury notes that yield 8.5%. The firm’s WACC is 15%. Is this a negative-NPV project? Explain.2. A project is expected to generate cash flows of $14,000 annually for five years plus an additional $27,000 in year 6. The cost of capital is 10%. What is the most that you can invest in this project at time 0 and still have a positive NPV?3. Depreciation provides a sort of shield against taxes. If there were no taxes, there would be no depreciation tax shields. Does this mean that a project’s NPV would be less if there were no taxes? Explain.—————————————————–each question is to have 250 words. If you cannot reach 250 words, just provide an explanation of your work. This is a Corporate Financial Management MBA level class. Thank you