1. If you perform a NPV analysis on a perspective investment using a "d" = 15% and:

a. the NPV Is < 0, what can you tell me about the investment's IRR (time adjusted rate of return)?

b. the NPV is > 0, what can you tell me about the investment's IRR (time adjusted rate of return)?

c. the NPV is= 0, what can you tell me about the investment's IRR (time adjusted rate of return)?

2. We presume in Investment analysis that the payback method of evaluation is a better measure of.................than it is a measure of...................... We also think less of the payback method because it sometimes ignores the............., ..................of an investment since the................. the oftentimes occurs after the payback period has lapsed.

3. Please explain why we oftentimes equate EBITDA (earnings before subtracting] interest, taxes, depreciation & amortization) with NOI (net operating income) in examining business' profitability. Why don't we instead use EBIT, NIBT or NIAT, alternative measures of profitability farther down an income statement?

4. Distinguish for me the difference between a business' "book value" (of assets) and "market value" (of assets).

5. Distinguish for me the difference between a corporation's book value per share and market value per share.