The estimated project beta is 1.5. the market return rm is 16%, and the risk-free rate rf is 7%. a. estimate the opportunity cost of capital and the project’s pv (using the same rate to discount each cash flow). b. what are the certainty-equivalent cash flows in each year? c. what is the ratio of the certainty-equivalent cash flow to the expected cash flow in each year? d. explain why this ratio declines.

technology is the application of knowledge and tools to solve problems and perform tasks more efficiently. t/f

Which feature transfers a slide show into a word-processing document?

Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150