"ULTA's current stock price is $265, Its return volatility is 60%. Assume no dividend and a continuously compounding interest rate of 5%. Construct a twe step binomial tree with each step being 6-month based on the approach on the lecture notes, and value a 1-year $200 - strike ULTA put option on this tree (You will be asked about the option's payoff, value, delta, and the tree probability in separate numerical questions on ULTA. So please keep the tree result to avoid repetition). What's the delta of this 1 - vear put option? (round answer to 0.01)"

Please provide the introductory part and answer for question D.

Define Prepayments.

Citco Company is considering investing up to $512,000 in a sustainability-enhancing project. Its managers have narrowed their choices to three potential projects. • Project A would redesign the production process to recycle raw materials waste back into the production cycle, saving on direct materials costs and reducing the amount of waste sent to the landfill. Project B would remodel an office building, utilizing solar panels and natural materials to create a more energy-efficient and healthy work environment. Project C would build a new training facility in an underserved community, providing jobs and economic security for the local community. Required: 1. Assuming the cost of capital is 12%, complete the table below by computing the payback period, NPV, profitability index, and internal rate of return. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) 2. Based strictly on the economic analysis, in which project should they invest?…