interest rates are at all-time lows while inflation is higher than it has been in the last decade or so. At the same time, stock valuations are at all-time highs, which in turn means that the expected return over the next 10 years should be lower than it was during the last 10. If you were CFO of an S&P 500 company and were deciding on whether or not to take on a large project today, how would your financing and investment decision-making change? Consider what type of financing you would consider, the pros and cons of each in today's environment, and how you would perceive risk based on current valuations and forecasts.