You are analyzing a project with an initial cost of £130,000. the project is expected to return £20,000 the first year, £50,000 the second year, and £90,000 the third and final year. there is no salvage value. the current spot rate is £.6211. the nominal risk-free return is 5.5 percent in the u. k. and 6 percent in the u. s. the return relevant to the project is 14 percent in the u. s. assume that uncovered interest rate parity exists. what is the net present value of this project in u. s. dollars?

Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. the clinic has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per client-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to: