3. Free cash flow and financial statements ols The primary objective of the corporate management team is to maximize shareholder wealth. The company's board of directors and the shareholders evaluate and review managerial actions based on the growth in the value of the firm. Based on your understanding of what determines a firm's value, review the following: Option A What does the value a firm depend on? The ability to generate cash flow that is available to distribute to the company's investors, including creditors and stockholders The ability to generate cash flow that is available to distribute to the company's stockholders only Option B Which of the options is most accurate? O Option B Option A follautomate is When determining the value of a firm, which of the following statements is true? O A financial asset is considered to have value only if it is acquired at its book price. O A financial asset is considered to have value only if it is acquired at its market value. O A financial asset is considered to have value only if it has the ability to generate positive cash flows