A ________ is a trading order that expires at the end of the trading day during which it was made

Gregory Cable Company is considering investing $450,000 in telecommunications equipment that has an estimated life of five years with no residual value

The cash flows are as shown below: Year 1 $120,000 2 235,000 3 140,000 4 $98,000 Present value of an ordinary annuity of $1: 12% 13% 14% 15% 1 0.893 0.885 0.877 0.87 2 1.69 1.668 1.647 1.626 3 2.402 2.361 2.322 2.283 4 3.037 2.974 2.914 2.855 5 3.605 3.517 3.433 3.352 Present value of $1: 12% 13% 14% 15% 1 0.893 0.885 0.877 0.87 2 0.797 0.783 0.769 0.756 3 0.712 0.693 0.675 0.658 4 0.636 0.613 0.592 0.572 5 0.567 0.543 0.519 0.497 Calculate the IRR of the project. Show your computations. What will be an ideal response

In a _ merger, two firms that heretofore have been competitors in the same line of business combine

a. conglomerate b. vertical c. diagonal d. horizontal