Product life cycles are shorter than in the past because technological innovation generates ________________

SIROM Scientific Solutions has $12 million of outstanding equity and $4 million of bank debt. The bank debt costs 4% per year. The estimated equity beta is 1

If the market risk premium is 8% and the risk-free rate is 4%, compute the weighted average cost of capital if the firm's tax rate is 30%. A) 8.73% B) 9.22% C) 9.70% D) 10.67%

When the salesperson makes a sale, there are three possible sales levels: large, medium, and small

The probability of a large sale is 0.20 and the chance of a medium sale is 0.60. Thus, when a sale is made, the chance of it being a small sale is 0.20. Indicate whether the statement is true or false