solve as many as possible please. thanks

9-13

9. The changes in a firm's future cash flows as a direct consequence of accepting a project are called cash flows. a. incremental b. stand-alone 10. Which of the following events is likely to encourage a company to naive its target (optimal) debt ratio? A) an increase in the corporate tax rate. B) An increase in the personal tax nate. C) An increase in the company's fixed operating costs, thus raising its busines risk. D) Statements A ) and C are correct. E) All of the above statements are correct. 11. MM's dividend imelevance theory says that dividend policy does not affeet a firm's value but can affect its cost of eapital a. True b. False 12. A stock that is not currently paying dividends has no value. A. True b. False 13. The value of a fixed must be used in the computation of which one of the following: a. annual tax shield. b. tax due on the sale of a fixed asset. c. operating cash flow d. change in net working capital e. MACRS depreciation