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Some people talk about the use of Debt as a source of financingas if it were evil and should be avoided at all costs. Does thismake sense to you? Under what conditions does it make sense for abusiness to use Debt Capital (in lieu of Equity Capital)?What are the implications for a company's Weighted Average Costof Capital and Minimum Required Free Cash Flow Return on Assets ifthe company only uses Equity Capital to finance its TotalAssets?The majority of business owners the Instructor has met do notuse any long-term financial planning process for their company.What would you say are the pros and cons of developing and usinglong-term financial plans for a company?
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