1. Please write at least three well composed paragraphs that describe examples of business financing that would support short-term assets. What kind of financing would be appropriate for supporting long-term assets? Please explain your answers.
2. How can FCF in the terminal year of a project’s life differ from FCF in the other years? Provide an example.
3. Find the present value of an annuity of $6000 paid at the end of each 6-month period for 8 years if the interest rate is 4%, compounded semiannually. (Round your answer to the nearest cent.)