📔Summary: This COMM308 final exam crash course highlights essential concepts such as the time value of money, capital budgeting, and CAPM. It features true-false questions along with an in-depth analysis of a capital budgeting problem, focusing on the significance of the Equivalent Annual Net Present Value (EANPV) for mutually exclusive projects with varying timelines. ⌛Key Takeaways: The video offers a mock exam encapsulating vital COMM308 themes, including time value of money, capital budgeting, and CAPM, enriched with interactive explanations and problem-solving techniques. For mutually exclusive projects with different timelines, EANPV is the appropriate metric for decision-making over IRR or traditional NPV. The instructor clarifies the interplay between IRR, NPV, and the cost of capital (k), noting that when k - IRR, both methodologies lead to the same accept-reject decision for independent projects. A comprehensive walkthrough presents a method for solving a crossover rate problem by calculating incremental cash flows and discounting them at the crossover rate to identify a missing cash flow. The video discusses calculating WACC, stressing the conversion of the debt-to-equity ratio into debt-to-value and equity-to-value ratios for precise calculations. A detailed capital budgeting problem is solved step-by-step, covering aspects like initial investment, operating cash flows, changes in net working capital, recapture of net working capital, salvage value, and the depreciation tax shield.