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Please answer the following with a brief essay response (50-100 words each): Explain, in your own words, why there might be a conflict of interest in...

Please answer the following with a brief essay response (50-100 words each):
11. Explain, in your own words, why there might be a conflict of interest in a management buyout.
13. What are two advantages that the Adjusted Present Value (APV) method has over the WACC-based Discounted Cash Flow (DCF) method?
14. Explain, in your own words, what an earnout agreement is and how it shares the risk of a merger deal between the target and acquirer.
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