1. What is the significance of financial statements, and who would benefit from them, and Why?
2. The firm has the weighted average cost of capital of 15%. The cost of equity is 20% and the firm pays 8.5% interest rate on its debt to investors. Assume that there are no taxes. What is the firm’s debt-to-equity ratio?
3. Please explain the importance of estate planning? and explain how can income tax be reduced?