CERTYNEX IFRS ACADEMY

The value in use calculation memo for a wind farm at Jarnelle sets out the following choices. Which one is wrong?

The cash flows, estimated pre-tax, are discounted at the sector's post-tax weighted average cost of capital, without conversion.

Expected income tax refunds are excluded from the cash flows.

The repayments of the wind farm's loan are excluded.

The cash flows, estimated in nominal terms, include the contractual price increases of the electricity sold.