Share repurchases are not part of the stock valuation process because by definition the cash flow

An investment today of $8,424 at 6% will yield total payments of $10,000 over five years. The reason for this increase is that the interest is being earned on principal that is left invested each year

Indicate whether the statement is true or false

Eldercare Hospital has acquired twenty acres of land in south Dallas, the poor side of the city, to build a facility that will provide care primarily for the elderly residents of that part of the city. The land had been used for various industrial purposes, including an oil transfer station, but had been abandoned for over thirty years. Dallas is a city that is always on the margin of violating

the air quality standards that apply to it. Eldercare, once it gets built, will emit some exhaust gas from its high temperature furnace that burns hazardous medical waste. Because Dallas is a nonattainment area, which of the following is not likely to be true: a. Eldercare might not get built unless it can pay other near-by polluters to reduce their pollution. b. Eldercare will have to use best available control technology in its exhaust systems. c. Eldercare will have to certify that it comes in to compliance with the State Implementation Plan. d. Eldercare will have to use lowest achievable emissions rate technology. e. none of the other choices; medical facilities do not fall under the Clean Air Act emission rules.