A tenancy in common is an undivided interest in property that passes to the other owner on death

George William buys a machine for his business. The machine costs $150,000. George estimates

that the machine can produce $40,000 cash inflow per year for the next five years. George's cost of capital is 10 percent. What is the approximate present value of the future cash flow for George? A) $191,632 B) $174,212 C) $166,796 D) $151,632

The necessary elements of a successful MBO program include all of the following EXCEPT ________

A) specific goals B) difficult goals C) penalties D) rapport and trust between the manager and the subordinate