Please answer the questions briefly and with a clear answer. If you don't know the answer DO NOT ANSWER. Thank you :)

2. What is Miller-Modigliani theorem? Illustrate the two propositions. Do you think it would apply to the real world? Why or Why not? 3. The IRR rule is said to be a special case of the NPV rule. Draw the graph and explain why this is so and why IRR has some limitations NPV does not (indicate the discount rate, PV, IRR, NPV in your graph)