Economic value added is the difference between an investment's net operating profit after taxes and the accounting profit

Bank of the Atlantic has liabilities of $4 million with an average maturity of two years paying interest rates of 4.0 percent annually. It has assets of $5 million with an average maturity of 5 years earning interest rates of 6.0 percent annually. What is the bank's net interest income in dollars in year 3, after it refinances all of its liabilities at a rate of 6.0 percent?

A. -$60,000. B. -$140,000. C. +$140,000. D. +$60,000. E. +$800,000.

The intent behind the UNII was to encourage manufacturers to develop high-speed wireless network applications and appliances

Indicate whether the statement is true or false