What is the NPV for a project whose cost of capital is 15 percent and initial after-tax cost is $5,000,000 and is expected to provide after-tax operating cash inflows of $1,800,000 in year 1, $1,900,000 in year 2, $1,700,000 in year 3, and $1,300,000

Retained Earnings reports ______ by the business

a. cumulative cash retained b. cumulative revenues c. cumulative profits retained d. cumulative net income kept e. cumulative cash earned

Which statement is true with regard to the human life value approach?

I. It crudely measures the economic value of a human life. II. It considers the specific needs of the family in determining the amount of life insurance to purchase. (a) I only (b) II only (c) both I and II (d) neither I nor II