Explicit collusion exists when firms directly communicate with each other to coordinate their levels of production or their prices and is legal in most countries

A cloud broker is useful when cloud services are too complex for a cloud consumer to easily manage

Indicate whether the statement is true or false.

The net present value (NPV) for Epiphany's Project is closest to ________

Epiphany Industries is considering a new capital budgeting project that will last for three years. Epiphany plans on using a cost of capital of 12% to evaluate this project. Based on extensive research, it has prepared the following incremental cash flow projects: Year 0 1 2 3 Sales (Revenues) 150,000 150,000 150,000 - Cost of Goods Sold (50% of Sales) 75,000 75,000 75,000 - Depreciation 25,000 25,000 25,000 = EBIT 50,000 50,000 50,000 - Taxes (35%) 17,500 17,500 17,500 = unlevered net income 32,500 32,500 32,500 + Depreciation 25,000 25,000 25,000 +(-) increase/(decrease) in working capital 5,000 5,000 -10,000 - capital expenditures -90,000 A) $23,387 B) $140,319 C) $46,773 D) $93,546