If a firm undertakes a project with ordinary cash flows and estimates that the firm has a positive NPV, then the IRR will be:
A) less than the cost of capital.
B) greater than the cost of capital.
C) greater than the cost of the project.
D) cannot be determined from this information
Answer: B
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A) business plan B) marketing strategy C) business mission D) marketing mix E) strategic plan
Which of the following statements is true of attorney-client privilege?
A) An attorney may divulge information if it involves confession of a crime that has been committed. B) An attorney who learns about a crime that a client is about to commit can choose not to reveal that information. C) Formal documents prepared by the attorney as work product may be revealed by the attorney without client permission. D) The attorney-client privilege is not extended to the work-product doctrine.