Which of the following is correct regarding leases?

Question 1 options:

Should be Included in capital structure (re WACC calculations) but not funded debt

Should be Included in funded debt but not capital structure (re WACC calculations)

Should be Included in both funded debt and capital structure (re WACC calculations)

None of the above.

Capitalizing leases means?

Question 2 options:

	The FV of lease obligations are recorded as an asset and expensed over time".
	The PV of lease obligations are recorded as an asset and expensed over time.
	The PV of lease obligations are expensed immediately.
	None of the above

Prior to 2019 operating leases were?

Question 3 options:

Expensed

Capitalized and than expensed.

None of the above.

A critical element of a good DCF analysis is

Question 4 options:

	Doing an historical analysis of the firm's financial performance.
	Linking the environment analysis to the historical analysis when developing the DCF input assumptions.
	None of the above