Low-performing teams are made up of people who develop chemistry with each other and work together very effectively. _________________________
Answer the following statement true (T) or false (F)
False
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Crowdfunding is a resource for _________.
a. talent b. intellectual property c. money d. labor
Interstate Transport has a target capital structure of 50% debt and 50% common equity. The firm is considering a new independent project that has a return of 13% and is not related to transportation. However, a pure-play proxy firm has been identified that has a beta of 1.34. Both firms have a marginal tax rate of 40%, and Interstate's before-tax cost of debt is 12%. The risk-free rate is 10% and the market risk premium is 6%. The firm should:
A. Be indifferent between accepting or rejecting; the firm's required rate of return on the project equals its expected return. B. Accept the project; its return exceeds the risk-free rate and the before-tax cost of debt. C. Accept the project; its return is greater than the firm's required rate of return on the project of 12.62%. D. Reject the project; its return is less than the firm's required rate of return on the project of 16.9%. E. Reject the project; its return is only 13%.
Profit margin = ________ divided by net sales.
Fill in the blank(s) with the appropriate word(s).
A statement by witnesses declaring that they saw the signing of a will is known as a(n)
a. attestation clause. b. codicil clause. c. probate clause. d. witness clause.