1. A project is expected to increase inventory by $17,000, increase accounts payable by $10,000, and decrease accounts receivable by $1,000. What is the project’s cash flow from net working capital at time zero?
a.-$8,000 b. $8,000 c.$-6,000 d. $6,000
2. When an outside group acquires a firm, primarily through the use of borrowed funds, the acquisition is known as a
a. Hostile takeover b. Tender offer c. LBO d. Successful proxy fight