Which of the following is NOT one of Modigliani and Miller's set of conditions referred to as perfect capital markets? Select one: a. A firm's financing decisions do not change the cash flows generated by its investments, nor do they reveal new information about them. b. Investors and firms can trade the same set of securities at competitive market prices equal to the present value of their future cash flows. c. All investors hold the efficient portfolio of assets. d. There are no taxes, transaction costs, or issuance costs associated with security trading. Which of the following statements is FALSE? f Select one: a. If the accounts payable outstanding is 40 days and the terms are 2/10, net 30, the firm can conclude that it generally pays late and may be risking supplier difficulties b. Suppliers may react to a firm whose payments are always late by imposing terms of cash on delivery or cash before delivery. c. Similar to the situation with its accounts receivable, a firm should monitor its accounts payable to ensure that it is making its payments at an optimal time d. Some firms ignore the payment due period and pay later, in a practice referred to as pushing the accounts payable