Key Questions In what long-lived assets should the firm invest? --Capital budgeting and expenditure How can the firm raise cash for required capital expenditure? --Capital structure How should short-term operating cash flows be managed? --Net working capital slide 3slide 3 Key Questions Key Questions ƒ In what long-lived assets should the firm invest? --Capital budgeting and expenditure ƒ How can the firm raise cash for required capital expenditure? --Capital structure ƒ How should short-term operating cash flows be managed? -- Net working capital