单项选择题 Which of the following is most likely a sign of a good corporate governance structure？（）

单项选择题 A company’s optimal capital budget most likely occurs at the intersection of the（）

单项选择题 An analyst is developing net present value （NPV）profiles for two investment projects.The only difference between the two projects is that Project 1 is expected to receive larger cash flows early in the life of the project，while Project 2 is expected to receive larger cash flows late in the life of the project.The sensitivities of the projects’NPVs to changes in the discount rate is best described as：（）