The scientist was a revered expert in the filed based on his years of experience and research. Followers respected whatever he had to say. This is a form of which power?
A. referent power
B. expert power
C. legitimate power
D. reward power
B. expert power
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Answer the following statement true (T) or false (F)
An investment that costs $25,500 will produce annual cash flows of $5100 for a period of 6 years. Further, the investment has an expected salvage value of $3050. Given a desired rate of return of 12%, what will the investment generate? Use Appendix Table 1 and Table 2. (Do not round intermediate calculations. Round your answer to the nearest whole dollar.)
A. A negative net present value of $2987. B. A positive net present value of $25,500. C. A positive net present value of $1545. D. A positive net present value of $20,968.