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A firm raising long-term capital incurs flotation costs which consist of fees paid to: a. Auditors and tax consultants b. Insurance companies and accountants c.

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A firm raising long-term capital incurs flotation costs which consist of fees paid to: a. Auditors and tax consultants b. Insurance companies and accountants c. Investment bankers and lawyers QUESTION 111 1.75 points Save Answer Capital Budgeting is a process to: a. Evaluate winners and losers in the stock market b. Evaluate investments in long term assets c. Determine the interest rate risk of bonds QUESTION 112 1.75 points Save Answer Which of the following is not one of the six techniques for evaluating investment projects: a. Net present value b. Internal rate of return c. Dividend valuation model

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