In which case would management be most likely to pass up doi…

In which case would management be most likely to pass up doing a positive NPV project because of “costliness” of new financing a) Management thinks its stock is overvalued and the firm has an investment grade bond rating (AA according to bond raters) b) Management thinks its stock is overvalued and the firm has a junk bond rating (B+ according to bond raters) c) Management thinks its stock is undervalued and the firm has an investment grade bond rating (AA according to bond raters) d) Management thinks its stock is undervalued and the firm has a junk bond rating (B+ according to bond raters) e) none of the above because a firm would never pass up a positive NPV project over financing concerns  

My competitors have an average Enterprise value / adjusted E…

My competitors have an average Enterprise value / adjusted EBITDA = 10.  My firm has the following data EBIT = $1300 Depreciation & Amortization = $300 One-time restructuring expense = $400 Debt = $4000 Cash = $1000 Note that adjusted EBITDA adjusts the EBITDA measure for one-time expenses or gains If you believe the other competitors are good comps (comparable firms), given this data we can say that the implied value of equity based on an EBITDA multiple is