22 ________ is the right but not the obligation to make a particular business decision.

		Net present value
		Real option analysis
		Internal rate of return
		Modified internal rate of return

23 if we are simply interested in determining whether the market as a whole, such as the S&P 500, is over- or undervalued, then the perpetual constant growth model is reasonable.

True

False

26 For a project to be accepted, the ________ may be greater than or less than the firm's WACC, but the ________ must be greater than the hurdle rate.

		IRR; NPV
		MIRR; NPV
		hurdle rate; IRR
		NPV; IRR

27 ________ is/are the most common form of short-term financing for a small and medium sized firms.

		Commercial paper
		Banker's acceptances
		Short-term bank loans, or promissory notes
		New common stock