You are computing the discount rate for a project in the furniture business. your firm is 100% equity financed and will remain that way. there are three publicly traded firms that are in the furniture business and are not involved in any other lines of business. however, only one of these three firms is 100% equity financed. you should only use the 100% equity-financed "pure play" for your calculations because the equity betas of the other two pure plays are higher than their respective asset betas due to the presence of debt. is the statement in italics correct?

You own a nonunion company with 93 nonexempt employees. all of these employ- ees pack books into boxes for shipment to customers throughout the united states. because of wide differences in performance, you have decided to try performance appraisal, something never done before. until now, you have given every worker the same size increase. now you want to measure performance and reward the best performers with bigger increases. without any further information, which of the five types of appraisal formats do you think would be most appropriate? justify your answer. do you anticipate any complaints, or other comments, from employees after you implement your new system?