FERR VPN 19:42 100% 9:47:30 Exit 1. Many textbooks indicate that the value of a share of common stock can be thought of as it's "zero- growth" value plus the Net Present Value of all future growth opportunities: di + NPV of future investments per share P= r The term "NPV" represents the present value of positive cash flows that accrue to shareholders from these future investments less the present value of the cost of the investments. This equation is not exactly written like this in our notes, but given this form, it indicates that shareholders expect firm managers to take what actions on their behalf: (Select all that are true). Select all that apply invest in only opportunities with NPV > 0. invest in only opportunities with NPV > 0. invest in only opportunities with NPV > 0. invest in only opportunities with NPV > 0