Tony's Beach T-Shirts has fixed annual operating costs of $75,000. Tony retails his T-shirts for $14.99 each and the variable cost per T-shirt is $4.99. Based on this information, the breakeven sales level in units is ________

John Q. Enterprises is considering two potential investments. The probability distributions of annual

end-of-year cash flows for the respective projects are: Project A Project B Probability Outcome Probability Outcome 0.25 $10,000 0.25 $12,000 0.50 $15,000 0.50 $15,000 0.25 $20,000 0.25 $18,000 Both projects will require an initial outlay of $45,000 and will have an estimated life of 6 years. Project A is considered a riskier investment and will have to have a risk-adjusted required rate of return of 15%, while Project B's risk-adjusted required rate of return is 12%. a. Determine the expected value of each project's annual cash flow. b. Determine each project's risk-adjusted net present value.

MIB stands for ________

A) Moton Information Balancing B) Message Information Balancing C) Management Information Base D) Messaging Internet Blocks