Kim Corporation is considering an investment of 750 million won with expected aftertax cash inflows of 175 million won per year for seven years. The required rate of return is 10%. Expressed in years, the project’s payback period and discounted payback period, respectively, are closest to:

According to Tuckman, teams in the forming stage of development usually have _____

A) very little conflict B) problems that are not easy to resolve C) strong conflict management skills D) consensus in decision making E) strong collaborate efforts

Assume that a firm has a steady record of paying high dividends for years. A new management

team decided to cut the current year's dividend in half without disclosing why. The market value of the stock fell 35% on the day the dividend cut was announced. Which of the following would best explain the stock market's reaction to the announcement? A) residual dividend theory B) information effect C) empirical theory D) dividend irrelevance theory