1. Biefly provide your understanding to one of the principles in FPA Code of Ethics.
Please state the name of the practice standards and your understanding
2. How would a financial manager determine optimal capital structure? How this would fit in with the company's capital expenditures, growth plans and operating results?
3. A new machine will cost $220,000 and generate after-tax cash inflows of $30,000 for 10 years. Find the NPV if the firm uses a 10% opportunity cost of capital. What is the IRR? What is the payback period?