Renee has been invited to take part in a formal dance program next month. Though she has a lot of dresses, she decides to go shopping for a new one that she had seen at a sale. The dress is an example of a(n) in the basic consumption process.

Consider a firm with a contract to sell an asset for $149,000 four years from now. the asset costs $85,000 to produce today. a. given a relevant discount rate of 14 percent per year, calculate the profit the firm will make on this asset. (a loss should be indicated by a minus sign. do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) b. at what rate does the firm just break even?