37 Mueller What Managers Get Wrong About Capital.docx What is embedded capital? a. Capital that can easily be converted into cash b. Capital that companies want to avoid because it doesn't create value c. Capital that is sunk into assets and cannot be easily converted into cash d. Sold capital Capital that can easily be converted into cash Capital that companies want to avoid because it doesn't create value Capital that is sunk into assets and cannot be easily converted into cash Sold capital