What is the difference between financial distress and financial distress? A firm is most likely experiencing financial distress when its cash distributions are eliminated and replaced with stock repurchases, while insolvency can be defined the present value of payments being less than assets. O A firm is most likely experiencing financial distress when the firm's operating cash flow is repeatedly insufficient to pay current obligations, while insolvency can be defined as an inability to pay one's debts. A firm is most likely experiencing financial distress when some of its cash customers begin to charge their purchases, while insolvency can be defined as not having cash. Afirm is most likely experiencing financial distress when the firm is unable to pay one's debts, while insolvency occurs when the firm's operating cash flow is repeatedly insufficient to pay current obligations. Afirm is most likely experiencing financial distress when the market value of the firm's stock declines by 10 percent in line with the market, while insolvency can be defined as having less cash than the firm needs for one year All the following will tend to discourage a takeover except: O a leveraged recapitalization the hoarding of cash. a supermajority provision. O an exclusionary self-tender offer. the divestiture of key assets