QUESTION 1 a) Compare the potential for agency problems in sole proprietorships, partnerships, and corporations. In light of your analysis, why is the corporate form of organization so popular? b) In 2012 Kodak declared bankruptcy. How can you reconcile a bankruptcy declaration with a management pledged to maximize shareholder wealth? c) If the PV of $139 is $125, what is the discount factor? d) If the rate of return is 9%, what is the PV of $374 paid in year 9? What is the present value of $800 to be received at the end of eight years, assuming the following annual interest rate? e) 4 percent, discounted annually f) 8 percent, discounted annually