Question: 3. Why are we interested in cash flows rather than accounting profits to determine the value of an asset or investment? (4 marks) 4. What

3. Why are we interested in cash flows rather than accounting

3. Why are we interested in cash flows rather than accounting profits to determine the value of an asset or investment? (4 marks) 4. What is the agency problem, and how might it impact the goal of maximization of shareholder wealth? (4 marks)

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