1. after class, the professor promises a student, daisy, a part-time job as a researcher for the rest of the semester. "you can start on monday," she says, "and we'll work out pay and all the details then." "you mean i can give up my job at burger king? " asks an elated daisy. "sure thing," chirps the professor but on monday, the professor informs daisy that she has lost the funding for her research and can offer no job. daisy is unable to get her job back at burger king. she sues the professor. who wins and why?

Miami incorporated estimates that its retained earnings break point (bpre) is $21 million, and its wacc is 13.40 percent if common equity comes from retained earnings. however, if the company issues new stock to raise new common equity, it estimates that its wacc will rise to 13.88 percent. the company is considering the following investment projects: project size irr a $4 million 14.00% b 5 million 15.10 c 4 million 16.20 d 6 million 14.20 e 1 million 13.42 f 6 million 13.75 what is the firm's optimal capital budget?