Policies rent Attempt in Progress If a firm were to have unlimited access to financing, it would maximize its own value by: Taking on all projects that have annualized NPV exceeding their distributed investment requirements. Taking on all projects with an IRR that exceeded the risk free rate. Taking on all projects with a positive NPV. Taking on all projects which allow the firm to reinvest cash flows from the project at a rate above the risk free rate. e Textbook and Media