What is the NPV for a project whose cost of capital is 15 percent and initial after-tax cost is $5,000,000 and is expected to provide after-tax operating cash inflows of $1,800,000 in year 1, $1,900,000 in year 2, $1,700,000 in year 3, and $1,300,000
in year 4?
A) $1,700,000
B) $371,764
C) -$137,053
D) -$4,862,947
C
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Which of the following is true of preferred stock?
A) It has features of bonds and a common stock. B) It has a claim on assets prior to creditors in the event of liquidation. C) Its dividends can be paid only after paying dividends to the common stockholders. D) It usually has a maturity of thirty years.
Which of the following is/are correct with respect to limited liability companies (LLCs)? I.An advantage of an LLC when compared to a regular corporation is the ability to pass through tax attributes to owners.II.A disadvantage of a general partnership when compared with an LLC is the inability of owners to have limited liability.?
A. Only statement I is correct. B. Only statement II is correct. C. Both statements are correct. D. Neither statement is correct.
A corporation formed for the purpose of providing electric service to a community is called a
A. close corporation. D. public corporation. B. private corporation. E. none of these. C. quasi-public corporation.
Which statement is most likely true about followers having a good working relationship with their superiors?
A. Followers accomplish less work when they have a good working relationship with their superiors. B. Superiors give fewer performance appraisals to followers with whom they have good relationships. C. Superiors and followers with good relationships tend to experience less conflict. D. Followers who have good relationships with their superiors advance quickly in their careers.