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In Piaget's theory, failing the conservation-of-liquid task demonstrates:
WACC
Weighted Average Cost of Capital, a calculation used to estimate the average cost of a company's financing including equity and debt, reflecting the risk of investments.
Unlevered Return
The return on an investment that has not been adjusted for the effects of leverage or borrowing.
Total Firm Value
The overall value of a company, including both equity (market capitalization) and debt levels, used in business valuation and financial analysis.
Unlever
The process of reducing the level of debt in a company's capital structure, either by paying off debt with equity or with profits generated from operations.
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