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Assume that a firm needs external financing. The less important flexibility is to the manager with respect to responding to the strategic moves of its

  1. Assume that a firm needs external financing. The less important flexibility is to the manager with respect to responding to the strategic moves of its competitors, the more likely she will use debt. True or False

  1. Assume you are considering two mutually exclusive projects. Project A has a 5 year life and Project B has a 7-year life. The projects are not renewable. The best project is the one with the highest annual equivalent cash flow. True or False

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