The description and scope section of a statement of work would contain statements regarding:

Project A has an IRR of 20 percent while Project B has an IRR of 30 percent. Under which of the following situations might you be inclined to select Project A, assuming the projects to be mutually exclusive, lending projects?

A) Project A requires cash outflows in the final period. B) Project A requires a smaller initial investment. C) Project A requires a larger initial investment. D) Project A is more risky.

Portland Antique Weaponry is owned and operated by a craftsman who makes replicas of historic firearms for museums, sportsmen, and collectors

He is currently producing 40 flintlock muskets per month. Data are as follows: Sales price per unit $800 Variable cost per unit 470 Fixed costs per month 10,230 If Portland expects to sell 60 units per month, how much is his margin of safety expressed in sales revenue? A) $13,630 B) $24,800 C) $23,200 D) $48,000