1. MIRR fixes all of the issues with the IRR except: a) The multiple IRR problem b) The issue of scale c) The lending/borrowing issue d) None of the above 2. Depreciation reduces our taxable income because... a) The government lets us deduct depreciation when calculating our Taxable income b) Depreciation is a cash expense c) Depreciation is awesome d) None of the above 3. Companies often choose to calculate depreciation using MACRS for tax purposes because a) The present value of the depreciation tax shield is higher with MACRS b) The present value of the depreciation tax shield is lower with MACRS c) Companies don't do this d) What is MACRS?!?!? 4. When performing DCF analysis we do not consider sources of financing (loans, sale of stock) because: a) The NPV of financing activities should be zero b) Figuring out the effects of financing activities is someone else's job c) The NPV of financing activities is always positive, so if the NPV of the project is positive, we know we've created value including financing effects d) None of the above