A _______________strategy is the best choice when a company wishes to get out of a declining industry and perhaps optimize cash flow in the process

Which of the following statements about a corporation is false?

A. Corporations are the dominant form of business because the vast majority of U.S. businesses are incorporated. B. Their owners have limited liability. C. Corporations allow even small investors to participate in ownership. D. Corporations are separate legal entities from their owners.

Conglomicorp Inc has 10.5 million shares of stock outstanding with a book value of $25 per share and a market value of $93 per share. The firm also has $40 million in retained earnings and a required rate of return of 8%

What is the current market capitalization for the firm? A) $904,166,667 B) $976,500,000 C) $1,097,820,000 D) $1,016,500,000