Paid media includes company-generated advertising, publicity, and other promotional efforts

If a Project's IRR is 13 percent and the project provides annual cash flows of $15,000 for four years, how much did the project cost?

A) $72,747 B) $52,200 C) $44,617 D) $60,000

The concept of liquidity preference in international operations refers to ________

A) a company's willingness to accept a lower rate of return on investments in countries where it can more easily sell them and convert the proceeds at a favorable rate B) a company's willingness to accept lower rates of return in poor countries that really need the investments C) management's need to maintain sufficient funds, preferably in local currency, in each country of operation to ensure meeting daily cash needs D) investors' preference for foreign stocks over foreign bonds because of the larger market for them