Which one of the following comparisons between debt and equity is correct? The stockholders have first claim to the firm's assets and are the owners. Both creditors and stockholders vote to elect the board of directors. Stockholders are the owners of the firm and vote on all major decisions. The creditors are the firm's owners and they have a higher claim to the firm's assets than do the stockholders. An increase in the systematic risk of a portfolio will the portfolio's beta. increase not change decrease either increase or not change cash flow is the increase in cash generated by a new project above the current cash flow without the new project. Opportunity cost Discounted Future Incremental