If a project costs $72,000 and returns $18,500 per year for 5 years, what is its IRR?
A. 7.39%
B. 7.67%
C. 8.50%
D. 8.98%
Answer: D
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Indicate whether the statement is true or false
Which of the following statements is TRUE if the variable cost per unit increases while the sales price per unit and total fixed costs remain constant?
A) The breakeven point decreases. B) The contribution margin increases. C) The breakeven point remains the same. D) The breakeven point increases.
Title VII of the Civil Rights Act of 1964 prohibits discrimination based on which of the following?
A. age B. disability C. veteran status D. religion E. All of the answer choices are correct.
Stated value of no-par stock is:
A. The market value of the stock on the date of issuance. B. Another name for redemption value. C. An amount assigned to par value stock by the state of incorporation. D. The difference between the par value of stock and the amount below or above par value paid-in by the stockholder. E. An amount assigned to no-par stock by the corporation's board of directors.