1. Think of a business you would like to start, or maybe you already have one. Discuss the best way to finance your working capital and why.

2. If you were to start a business, what mix of equity to debt would you be comfortable with and why?

3. Apple, Inc. has approximately $178 billion dollars in cash. Recently, they paid a quarterly cash dividend of approximately $0.52 per share. Do you think management is justified in keeping that large amount of cash rather than paying out a larger dividend?