Portable Pet Care, a mobile veterinary service, wants to expand. After thoroughly reviewing the possibility of expansion, Portable Pet Care plans to offer a similar service in the Indianapolis metropolitan area as it does in its original Columbus, Ohio area. This will require a large capital expenditure. Due to the nature of this project, the firm will consider only equity financing.

FALSE

Explanation:

Since it is stated in the scenario that this project will require a large capital expenditure due to the nature, the firm will consider NOT only equity financing but also DEBTS.

As a matter of fact loans (particularly fixed term loans) are a cheaper source of finance for long term projects that require huge initial investment because:

1. Interest on loans are tax deductible which effectively reduces the cost of capital, and explains why cost of debt is given by the formula kd(1-tax rate)

2. The interest rate stays the same for the loan's entire term as against dividends on equity that are expected to grow

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

answer; ///hong kong;