An investment of $100 generates after-tax cash flows of $40 in Year 1, $80 in Year 2, and $120 in Year 3. The required rate of return is 20%. The net present value is closest to:

Creativity can be defined simply as the process of

a. doing two things at once. b. developing novel ideas that can be put into action. c. providing feedback. d. implementing a plan

Broker Westland dies and his daughter Susan, who is also a broker, inherits his business. With respect to his 50 current listings, which of the following is true?

A. Susan automatically receives commissions if any of those listings sell B. She can call the sellers and tell them that she is now the listing broker C. She is not the listing agent unless she negotiates a new listing agreement with each of those owners D. She may no longer work with any of those clients