A tort solely involves an intentional action that causes injury.

Discrete Discs Inc manufactures hard disk drives for personal computers. Discrete is an all equity firm. At the end of the current year, the CFO expects EBIT to be $10M and the same earnings are expected annually in perpetuity

The company is not growing so CAPEX and investments in net working capital are zero. The cost of equity for Discrete is 8%. Solid State Storage Inc is identical to Discrete except that it has $3M of long term debt outstanding. What is the value of Solid State's equity? The corporate tax rate is 30%. A) $84.5M B) $85.4M C) $87.5M D) $88.4M E) $122.9M

What characteristics will affect the cost of your car insurance?

A) The type of automobile you drive B) Where you reside C) How many miles you drive D) All of the above E) All but B are correct.