B. MULTIPLE CHOICE QUESTIONS For each question, select the best answer and write the letter of the response you have chosen in the blank preceding the question 8. The is the present value at a given point in time of all of the dividends that a stock is expected to generate beyond that point in time. A. Marginal Value (MV) B. Horizon Value (HV) C. Subordinate Value (SV) D. Functional Value (FV) 9. A stock share's estimated market value today, at t=0, is A. the sum of its historical dividends for the most recent five years B. set by the firm's Board of Directors. C. established during the firm's Initial Public Offering (IPO). D. the present value (PV) of the stock's expected future cash flows. 10. is a non-cash expense for a firm, as it does not require a cash payment A Labor Cost B. Shipping Cost C. Property Tax Expense D. Depreciation Expense 11. Variable(s) that may be adjusted in a cost estimation analysis to determine the sensitivity of the project's outcome include A. the "Revenue" estimates B. the "Labor Cost" estimates. C. the cost of the new equipment or fixed asset purchase and its corresponding "Depreciation Expense." D. A and B E A and B and C