Exams from Previous Semesters

# Fall 2019 Final Exam Solution

Here are the final numerical results for each section of the exam. You can use them to check your work if you do the exam for practice. If you have trouble with the problems, or don't get the answers shown here, stop by during office hours or make and appointment and we can go over them.

### Question 1

NPVs: I = $14.02M, M =$14.01M. For all practical purposes, they are tied and equally good.

### Question 8

EU from the project without the policy= 1235; EU from salary = 1367; won't do the project on her own. With the policy, EU from the project = 1399; will now develop it.

URL: https://wilcoxen.maxwell.insightworks.com/pages/5577.html
Peter J Wilcoxen, The Maxwell School, Syracuse University
Revised 11/19/2020