If a firm has an operating plan which requires additional external funds, then an increase in the dividend payout ratio, will reduce the amount of external financing needed (EFN). Select one: True O False There is an inverse relationship between a firm's value and its cost of capital. Select one: True O False Mutually exclusive investment decisions arise when taking one investment prevents the taking of another. Select one: True False Which of the following is the primary source of the "agency problem" which can complicate the management of a stockholder owned firm? Select one: O a. The firm's manager and regulators do not necessarily have the same goals. O b. The employees and the managers do not necessarily have the same goals. O c. The stockholders and the managers do not necessarily have the same goals. O d. The stockholders and bondholders do not necessarily have the same goals. Oe. The firm's shareholders' goals tend to change through time