The management of Florida Phosphate Industries (FPI) is planning next year’s capital budget. The company’s earnings and dividends are growing at a constant rate of 8%. The expected dividend one year from now, D1, is $1; and the current stock price is $10. FPI can raise new debt at a 10% before-tax cost. FPI is at its optimal capital structure, which is 40% debt and 60% equity, and the firm’s marginal tax rate is 30%. FPI hasthe following independent, indivisible, and equally risky investment opportunities:

Project Cost ROR
A $15,000 16%
B 15,000 14
C 12,000 13
D 20,000 11

Which projects should the company pursue?

Mr. smith recently faced a choice between being (a) an economics profes-sor, which pays $60,000/yr, or (b) a safari leader, which pays $50,000/yr. after careful deliberation, smith took the safari job, but it was a close call. "for a dollar more," he said, "i'd have gone the other way."now smith's brother-in-law approaches him with a business proposition. the terms are as follows: - smith must resign his safari job to work full-time in his brother-in-law's business.- smith must give his brother-in-law an interest-free loan of $100,000, which will be repaid in full if and when smith leaves the business. (smith currently has much more than $100,000 in the the business will pay smith a salary of $70,000/yr. he will receive no other payment from the business.the interest rate is 10 percent per year. apart from salary considerations, smith feels that working in the business would be just as enjoyable as being an economics professor. for simplicity, assume there is no uncertainty regarding either smith's salary in the proposed business or the security of his monetary investment in it. should smith join his brother-in-law and, if so, how small would smith's salary from the business have to be to make it not worthwhile for him to join? if not, how large would smith's salary from the business have to be to make it worthwhile for him to join?

Which of these is not a result of regular exercise

How much are you willing to pay for a zero that matures in 10 years, has a face value of $1,000 and your required rate of return is 7%? round to the nearest cent. do not include a dollar sign in your answer. (i.e. if your answer is $432.51, then type 432.51 without $ sign)