Please assist with the given problems.
Problem 1: A firm's capital structure represents their view on leverage. With corporate taxes, discuss why a firm's value can be higher with leverage even though its earnings are lower.
Problem 2: Suppose Google would like to attract more long term investors. What dividend policies should it consider? How do you think this would reflect in the value of the company?
Problem 3: Discuss the approach to estimating the value of investment.