The governor has proposed to clean up all the trash on the side of the highway. the project is estimated to cost the tax payers and additional$15,000. the city will benefit by having a clean highway which will entice tourists to stop along their routes. the project is estimated to bring in$12,000 of revenue from the highway being cleaned. should the governor continue with the project?
a. yes, the project will have $12,000 of benefits to the city folks.
b. no, the project will not bring in enough benefit to cover the costs.
c. yes, the tax payers wanted the highway cleaned up.
d. no, the benefit from the project will only be $3000.

73. calculate the weighted average cost of capital (wacc) based on the following information: the equity multiplier is 1.66; the interest rate on debt is 13%; the required return to equity holders is 22%; and the tax rate is 35%. (a) 15.6% (b) 16.0% (c) 15.0% (d) 16.6% (e) none of the above

When selecting a savings account, you should look at the following factors except annual percentage yield (apy) fees minimum balance interest thresholds taxes paid on the interest variable interest rates

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers. b) may not accept the offer because it is considered lavish entertainment. c) must obtain written consent from batts brothers before accepting the offer.