Projects a and b are mutually exclusive and have normal cash flows. project a has an irr of 15% and b's irr is 20%. the company's cost of capital is 12%, and at that rate project a has the higher npv. which of the following statements is correct? a. assuming the timing pattern of the two projects' cash flows is the same, project b probably has a higher cost (and larger scale).b. assuming the two projects have the same scale, project b probably has a faster payback than project a. c. the crossover rate for the two projects must be 12%.d. since b has the higher irr, then it must also have the higher npv if the crossover rate is less than the cost of capital of 12%.e. the crossover rate for the two projects must be less than 12%.

What is the best definition of a conclusion?

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning

Exercise 4-6 the following balances were taken from the books of alonzo corp. on december 31, 2017. interest revenue $86,000 accumulated depreciation—equipment $40,000 cash 51,000 accumulated depreciation—buildings 28,000 sales revenue 1,380,000 notes receivable 155,000 accounts receivable 150,000 selling expenses 194,000 prepaid insurance 20,000 accounts payable 170,000 sales returns and allowances 150,000 bonds payable 100,000 allowance for doubtful accounts 7,000 administrative and general expenses 97,000 sales discounts 45,000 accrued liabilities 32,000 land 100,000 interest expense 60,000 equipment 200,000 notes payable 100,000 buildings 140,000 loss from earthquake damage 150,000 cost of goods sold 621,000 common stock 500,000 retained earnings 21,000 assume the total effective tax rate on all items is 34%. prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. (round earnings per share to 2 decimal places, e.g. 1.48.)