Preemptive Right doesn't give the shareholder the right the right to purchase additional shares in the company prior to shares being made avalabs the general public in the event of a seasoned offering. which is a secondary ising B. to sell their share of stock at a premium c. to maintain their proportionate of stock shares D. anti-dilution provisions nership in the corporation when new common stock is issued 38. On a purely theoretical basis, the NPV is the better approach to reasons EXCEPT A. that there may be multiple solutions for an IRR computation. B. that it measures the benefits relative to the amount invested. C. that it maximizes shareholder wealth D. for the reasonableness of the reinvestment rate assumption. capital budgeting due to all the following 39. Comparing net present value and internal rate of return A. always results in the same ranking of projects B. may give different accept/reject decisions. C. always results in the same accept/reject decision. D. is only necessary on mutually exclusive projects 40. When evaluating projects using internal rate of return, A. the discount rate and magnitude of cash flows do not affect internal rate of return. B. projects having lower early-year cash flows tend to be preferred at higher discount rates. C. projects having higher early-year cash flows tend to be preferred at higher discount rates. D. projects having higher early-year cash flows tend to be preferred at lower discount rates