Using a firmwide WACC to evaluate new projects would have no impact on projects that present less risk than the firm ’ s average beta . Using a simple firmwide WACC to evaluate new projects would give an unfair advantage to projects that present less risk than the firm ’ s average beta . The Rule of 72 is a simple mathematical approximation for __________. the number of years required to double an investment the payments required to double an investment the present value required to double an investment the number of years required to double an investment the future value required to double an investment We can estimate a stock ’ s value by __________. using the book value of the total stockholder equity section using the book value of the total assets divided by the number of shares outstanding discounting the future dividends and future stock price appreciation compounding the past dividends and past stock price appreciation Which of these is the process of estimating expected future cash flows of a project using only the relevant parts of the balance sheet and income statements ? Substitutionary analysis Incremental cash flows Cash flow analysis Pro forma analysis Five years ago , Jane invested $ 5,000 and locked in an 8 percent annual interest rate for 25 years ( ending 20 years from now ). James can make a 20-year investment today and lock in a 10 percent interest rate . How much money should he invest now in order to have the same amount of money in 20 years as Jane ? $ 7,346.64 $ 5,089.91 $ 3,160.43 $ 3,464.11 The overall goal of the financial manager is to __________. maximize net income maximize earnings per share