a. What is the main assumption that allows you to independently consider investment (project) choices without regard to when you need wealth (or how much money you currently have at hand)?
b. You have $500 and really, really want to go to the Super bowl tonight (which will consume all your funds). You cannot wait until your project completes: The project costs $400 and offers a rate of return of 15%, although equivalent interest rates are only 10%. What should you do?