Which of the following financial institutions were originally established to provide mortgage loans to depositors?

Calculate the NPV break-even level of sales for a project requiring an investment of $3,000,000 and providing as cash flows: .15 × sales less $250,000. Assume the project will generate these cash flows for 10 years and that the discount rate is 10 percent.

A) $19,686,667 B) $3,504,890 C) $4,921,549 D) $3,254,890

If strategy and portfolio are not in sync, the firm is poised on the cusp of success

Indicate whether the statement is true or false