The party taking a case up on appeal is the

A grant of mineral rights made no mention of an easement to enter the property. What are the rights of the mineral rights holder?

A. The holder must make a subterranean entrance from outside the property. B. The holder has no right of entrance. C. The holder has an implied easement to enter and mine. D. The holder can obtain an easement by necessity but must pay the fee owner for all resulting damages and loss of use.

We compute the profitability index of a capital budgeting proposal by

A) multiplying the cash inflow by the internal rate of return. B) dividing the present value of the annual after-tax cash flows by the cash investment in the project. C) multiplying the internal rate of return by the cost of capital. D) dividing the present value of the annual after-tax cash flows by the cost of capital.