Beckingham sports is an american sporting goods company. based on a $400,000 market study and a $600,000 feasibility opinion concluded last year, beckingham believe it can increase its annual operating cash flow by $3,000,000 by opening new overseas locations. in preparation for the expansion, the firm spent $2,000,000 to purchase land for a new factory. however, they just received an offer of $3,000,000 for the land purchased for the new factory. beckingham is now ready to make a final decision on the international expansion. of the outlays mentioned, which are relevant for capital budgeting purposes?
$400,000 for the market study
$600,000 for the consulting
$2,000,000 to purchase the new land
$3,000,000 of the offer price of the land.
none of the above

John and daphne are saving for their daughter ellen's college education. ellen just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). college tuition and expenses at state u. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).so far, john and daphne have accumulated $15,000 in their college savings account (at t = 0). their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. they expect their investment account to earn 9%. how large must the annual payments at t = 5, 6, and 7 be to cover ellen's anticipated college costs? a. $1,965.21b. $2,068.64c. $2,177.51d. $2,292.12e. $2,412.76