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In 2017, the US Congress passed a law that decreased the corporate income tax from roughly 40% to 25%. What was the immediate Impact of

In 2017, the US Congress passed a law that decreased the corporate income tax from roughly 40% to
25%. What was the immediate 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?

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