The cost of internal common equity is already on an after-tax basis since dividends paid to

Rizzo Restaurants disclosed the following PP&E information in its financial statement notes for the most recent two-year period: 12/31/Year 1 12/31/Year 2 Land $100 $100 Buildings $1,000. $850 Equipment. $400 $350 Constr. In Pro. $50. $50 Total PP&E. $1,500. $1,350 Acc Dep. (200) (150) PP&E, net $1350. $1200 Dep Exp. 50

The estimated average useful life is: a. 26.0 years. b. 25.5 years. c. 22.5 years. d. 29.0 years.

Supermarkets are located near residential areas and are open long hours, seven days a week. They carry a limited line of high-turnover goods

Indicate whether the statement is true or false