16. A corporation whose shares are publicly traded is owned by: a. Its Chief Executive Officer. b. Its Board of Directors. C. Its bondholders. d. Its shareholders. 17. To value a firm that does not pay a dividend: a. There is no way to value its share price. b. The firm's bond rating can be used to value its share price. c. The firm's free cash flow (the corporate valuation model) can be used to value its share price. d. The firm's gross revenues can be used to value its share price. e. The value of the firm's property, plant, and equipment can be used to value its share price. When estimating the debt and equity weights used in computing the weighted average cost of capital: a Accounting (book values) values can be used for debt and equity. b. Market values for debt and equity can be used. c. Targets for the debt and equity can be used. d. All of the above. 18. 19. Which of the following methods of analyzing a potential capital project is the best? a. IRR b. MIRR c. NPV d. Discounted Payback e. Payback 20. If Project A and Project B are mutually exclusive what is the BEST decision criteria? a. Select any project if its NPV is greater than zero. b. Select the project that has the shortest payback period. c. Select any project if its IRR is greater than the firm's hurdle rate. d. Select the project with the greater NPV, if its NPV is positive. Select the project with the greater IRR, if the IRR is greater than the hurdle rate. e