This is the lecture I didn't understand due to the inclusion of graphs called WACC and hurdle rates.
In short I was a passive attendee.
The bits I did get were;
Investment comes from either debt or equity.
Debt is cheaper than equity due to the way it's treated in the financial accounts.
Debt is less risky than equity because the company doesn't have to pay out to shareholders on debt.
Companies need to raise finances to re invest and therefore msw.
And then the graphs happened and I don't remember much more after this....
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