In 2017 , the US Congress passed a law that decreased the corporate income tax from roughly 40% to 25\%. What was the immedlate impact of this law on an average company's WACC, all else remaining equal? Explain. Why is the "Value of Operations" considered superior to the" book value of assets" of a firm in estimating the overall value of a firm? When is it more appropriate to use the Corporate Value Model, rather than the Dividend Discount Model, when estimating the intrinsic stock price of a company