1. What are two (2) most valuable concepts for accomplishing personal grants plan over the 10 years?
2. Why is Net Present Value (NPV) one of the most important concepts in finance? When do you think another measure would be more appropriate to use when evaluating projects? Why?
3. The Miller-Modigliani model proposes that debt is irrelevant. Under what conditions is this true? If the debt is irrelevant, what is the effect of changing the debt ratio on the cost of capital?