1. Describe negative within-firm externalities as they pertain to cash flow versus accounting income.
2. Describe the 8 types of capital budgeting projects.
3. Assume you have a portfolio of two assets worth a total of $105,000. Asset Y is worth $35,000 and is expected to generate a return of 15%. Asset Z is worth $70,000 and is expected to generate a return of 22%. The expected return of the portfolio is?