Which of the following is not a common characteristic of business incubators? Select one: O a. they make equity investments in their client firms O b. they help entrepreneurs obtain private and public loan funds O c. they are usually formed as nonprofit organizations that are operated by either private firms or public entities O d. they require entrepreneurs to apply for admittance to their business incubation programs O e. a and What is the inflation premium? Select one: O a. amount paid to bank to defer inflation adjustments in loans O b. average expected inflation rate over the life of a risk-free loan O c. additional principal paid by borrower for inflation risk avoidance O d. average expected inflation rate in the first year of a mortgage loan O e. none of the above What is "IRR" (Internal Rate of Return)? Select one: O a. rate of return earned on acceptable projects O b. opportunity cost of borrowing to cover additional capital requirements O c. compound rate of return that equates the present value of the cash inflows received with the initial investment O di internal rate charged between departments/divisions within a corporation O e none of the above What is the Pre-Money Valuation? Select one: a present value of the forecasted change in cash from the statement of cash flows O b. the present value of future net profits after income tax O c the future value of forecasted EBITDA d. present value of a venture prior to a new money investment O e. none of the above The Sale-to-Cash Conversion Period formula is? Select one: O a. (Inventory + Accounts Receivable)/(Net Sales/365) O b. Inventory / (Net Sales/365) O c. (Net Sales/365) / Inventory O d. Inventory / (Accounts Receivable /365) O e. Accounts Receivable / (Net Sales/365) What is Carried Interest? Select one: a. portion of profits paid to the professional venture capitalist as incentive compensation O b. interest on long term borrowing carried over periods until cash flow is sufficient to pay it O c. equity position in a venture held by founders who have a zero balance in their capital accounts O d. copyrights O e. none of the above