If expected return is less than required return on an asset, rational investors will (2 points) (a) buy the asset, which will drive the price up and cause expected return to reach the level of the required return. (b) sell the asset, which will drive the price down and cause the expected return to reach the level of the required return. (c) sell the asset, which will drive the price up and cause the expected return to reach the level of the required return. (d) buy the asset, since price is expected to increa

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Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.

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