What are some of the policies a firm might follow when, Financial Management

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What are some of the policies a firm might follow when

1. Define the three conditions that make up a perfect capital market, and then compare and contrast the effects of perfect capital markets and imperfect capital markets on value. Can they create or destroy value? Explain.

2. Project L costs $51,244.64, its expected cash inflows are $11,000 per year for 10 years, and its WACC is 10%. What is the project's IRR? Round your answer to two decimal places. %

3. What are some of the policies a firm might follow when investing in current assets?

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Financial Management: What are some of the policies a firm might follow when

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