A low cost product strategy maximizes profits by spending minimal amounts on research and

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:

A. $42.22. B. $58.33. C. $68.52.

Which of the following is among the eight determinants of revenue and volume for a service firm?

A) uniqueness of the firm's and the competitors' locations B) quality of the competition C) quality of management D) purchasing power of the customer-drawing area E) all of the above