Marie's Fashions is considering a project that will require $28,000 in net working capital and $87,000 in fixed assets. The project is expected to produce annual sales of $75,000 with associated costs of $57,000. The project has a 5-year life. The company uses straight-line depreciation to a zero book value over the life of the project. The tax rate is 30 percent. What is the operating cash flow for this project?

Which of the following is an example of an organization's market share -related objective?

A) increasing brand awareness in market X by 30% within one year, as measured by survey Y B) improving sales of new services from 10% of total sales to 15% of total sales within one year C) decreasing development cycle time (inception to launch) from 18 months to 12 months D) increasing the portion of the market controlled in new market Y from 0% to 12% within one year

Assume that you are considering investing in Xerox common stock. You have found that its beta is +1.2 and you think a market risk premium should be 8%. If you could earn 12% on risk-free Treasury securities, Xerox has a required return of ________%

A) 24.0 B) 14.4 C) 21.6 D) 22.4