Please answer the following questions in a Word document, using 12 point Arial or Times New Roman font.
1. The CEO of XYZ Company owns 3% of the company and is considering an acquisition. If the acquisition destroys $50 million of the company's value, but the present value of the CEO's compensation increases by $5 million, will he be better or worse off?
2. Explain the difference between positive and negative cash flow.
3. Explain working capital in terms of mergers and acquisition metrics. What is its impact?