Question: As discussed in class, any project that is NPV positive creates value, thus also increasing company value. According to payout policy theory, a stock repurchase

  1. As discussed in class, any project that is NPV positive creates value, thus also increasing company value. According to payout policy theory, a stock repurchase is a: (2 pts)
  1. Positive NPV project
  2. Negative NPV project
  3. Delayed NPV project
  4. Zero NPV project

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