Westland college uses a 10% discount rate and the total cost approach to capital budgeting analysis. both alternatives are expected to have a useful life of eight years. the working capital would be released for use elsewhere when the project is completed. the net present value of the alternative of overhauling the present system is closest to:

Storico co. just paid a dividend of $3.15 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company’s stock is 12 percent, what will a share of stock sell for today?

Which of the following is the best example of substitution? a. movie producers begin making more comedies because they cost less to make than action films. b. people walk out before the end of a movie because the acting and the plot are terrible. c. people at the movie theater switch from popcorn to candy because popcorn has gotten too expensive. d. more people begin going to matinee movies instead of night movies to save money on the tickets.

Why do you think researchers chose to begin with cigarette smokers opposed to other types of addiction ?