How would the value of a firm be affected by the following events?

a.The introduction of a new product designed to increase the firm's cas inflows is delayed by one year. The size of expected cash flows is not affected.

b. A frim announces to the press that its cash earnings for the coming year will be 10 percent higher than previously forcast.

c. A utility company acquires a natural gas exploration company. After the acquisition, 50 percent of the new company's assets aer from the original utility company and 50 percent from the new exploration company.