Answer the following Study Problems. The Study problems are linked at the bottom of the page( see attached):1: Relevant cash flows (11-1)2: Calculating free cash flows (11-4)3: New project analysis (11-9)4: Comprehensive problem (11-15)5: Real options and capital budgeting (11-17)6: Risk-adjusted discount rates and risk classes (11-20)7: What is meant by (a) exchange risk and (b) political risk? (16-6 RQ)8: What risks are associated with direct foreign investment? How do these risks differ from those encountered in domestic investment? (16-8 RQ)9: Spot exchange rates (16-2)10: Spot exchange rates (16-7)11: Interest rate parity (16-10)12: Purchasing power parity (16-11)You have to use a spreadsheet for this assignment. Be sure to show your work. Support your answers by showing the formulas you use and defining any variables in the formulas. Any essay responses should be supported with appropriate citations and references.Make sure to make analysis for each answer and not just numbers, explain what does these numbers mean.No plagiarism is accepted, and you have to cite from at least 3 creditable resources.Answer will be submitted in turnitin to check the plagiarism.