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True or False 9. The internal growth rate is the maximum growth rate that can be achieved with no additional equity financing (assuming the debt/equity
True or False
9. The internal growth rate is the maximum growth rate that can be achieved with no additional equity financing (assuming the debt/equity ratio remains constant and everything scales with revenue).
10. Net operating working capital is current assets other than surplus cash less non-interest-bearing current liabilities.
11. Terminal value, reversion value and horizon value all mean the same thing and are interchangeable terms.
12. An increase in accounts payable is a use of cash.
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