This?revised and enhanced?book examines the role of finance in supporting. other functional areas while fostering an understanding of how financial decisions. can create value. Corporate Finance covers areas related to estimating. divisional cost of capital; executing a financing strategy; establishing debt. and dividend policies consistent with the companys̀ strategy and environment;. choosing between dividends and stock repurchases; managing high growth and managing. working capital. Its new topics include:. - Corporate Financial Flexibility (Real options). - New Financial Instruments. - Pro.