Arrow Corp. has a WACC of 8.78%, a before-tax cost of debt of 6%, and a tax rate of 40%. If the firm is financed 30% with debt and the balance with equity, what is the cost of equity?

Management by objectives (MBO) emphasizes setting goals with the employee; according to MBO, goals should be

a. easy to attain. b. approved by management. c. tangible, verifiable, measurable. d. easy to create and develop. e. general in nature.

Amelia deeds a property to Buster which is never recorded. How would Buster transfer title back to Amelia?

a. By destroying the deed. b. By handing the deed back to Amelia as a reconveyance. c. By writing "cancelled" across the face of the deed and returning it to Amelia. d. Creating a new deed.