Each common stockholder has the ability to vote, and may assign a proxy if they desire to pass the voting right along.

A business repays the amount borrowed on a note with cash. Which of the following accounts is debited?

A) Cash B) Accounts Payable C) Notes Payable D) Notes Receivable

Candela Cable Company is considering investing $450,000 in telecommunications equipment that has an estimated life of five years with no residual value

The cash flows are as shown below: Year 1 $120,000 2 235,000 3 140,000 4 98,000 The present value of $1: 10% 11% 12% 13% 14% 1 0.909 0.901 0.893 0.885 0.877 2 0.826 0.812 0.797 0.783 0.769 3 0.751 0.731 0.712 0.693 0.675 4 0.683 0.659 0.636 0.613 0.592 5 0.621 0.593 0.567 0.543 0.519 The IRR of the project would be ________. A) between 12% and 13% B) more than 13% C) less than 10% D) between 9% and 10%