Since ____, the U.S. Supreme Court has abandoned its earlier approach in substantive due process cases and no longer overturns economic and social legislation, so long as it is rationally related to legitimate governmental objectives

A table's stub is its _____________________

a. caption b. overall size c. orientation d. left column

Kelly Corporation is considering an investment proposal that requires an initial investment of $150,000 in

equipment. Fully depreciated existing equipment may be disposed of for $40,000 pre-tax. The proposed project will have a five-year life, and is expected to produce additional revenue of $65,000 per year. Expenses other than depreciation will be $15,000 per year. The new equipment will be depreciated to zero over the five-year useful life, but it is expected to actually be sold for $20,000. Kelly has a 35% tax rate. a. What is the net initial outlay for the proposed project? b. What is the operating cash flow for years 1-4? c. What is the total cash flow at the end of year five (operating cash flow for year 5 plus terminal cash flow)?