2) What is the project’s cost of equity? What is the appropriate discount factor to use for evaluating the refrigerator project?

- Attached exhibits which are readable and understandable (I suggest using Calibri font

 Spreadsheet printout(s) showing your derivation of

o Operating Cash Flows

o Incremental Cash Flows, including investment and salvage

o Warranty costs

o WACC

o NPV, IRR, Profitability Index, and Payback Period

o Scenario and Sensitivity

