1. Which of the following represents short-term sources of financing working capital?
Financing leases
Accounts payable
Operating leases
Commercial paper
2. When assembling the cash flows to calculate an NPV or IRR, the project’s after-tax interest expenses should be subtracted from the cash flows for:
Neither the NPV calculation nor the IRR calculation.
The NPV calculation, but not the IRR calculation.
The IRR calculation, but not the NPV calculation.
Both the NPV calculation and the IRR calculation.