Major distinctions between a group and a team are the members' cooperative attitude and level of commitment

When appraising a property built around 1900, which of the following would be used?

a. Reproduction cost for 1900. b. Replacement cost for 1900. c. Evaluate by todays standards. d. By the standards of 1900.

Patrick Company expects to generate free-cash of $120,000 per year forever

If the firm's required return is 12 percent, the market value of debt is $300,000, the market value of preferred stock is $70,000, and the company has 100,000 shares of stock outstanding. What is the value of Patrick's stock? A) $6.30 B) $10.00 C) $7.00 D) $9.70