8. The leveraged firm's current debt-to-equity ratio is 1/3. The firm's equity can be considered as a call option on a firm's assets with a delta of 0.385. By how much will an NPV = $400,000 project increase the value of debt of the firm? A) $100,000 B) $300,000 C) $246,000 D) $154,000 E) $554,000 9. Which one of these affects the length of the cash cycle but not the operating cycle? A) Inventory period B) Accounts payable period C) Both the accounts receivable and inventory periods D) Accounts receivable period E) Both the accounts receivable and the accounts payable periods