Capitol city transfer company is considering building a new terminal that will require expenditures of $1 million immediately (at t = 0) and another $1 million at the end of year 1 (t = 1). it will then receive net cash flows of $0.5 million at the end of years 2-5, and it expects to sell the property and net $1 million at the end of year 6. all cash inflows and outflows are after taxes. the company's wacc is 12%, and it uses the mirr criterion for capital budgeting decisions. what is the project's mirr?

a. 11.5%
b. 11.9%
c. 11.4%
d. 12.0%
e. 11.7%

Match each definition in column 1 with a vocabulary word from column 2." some of the entries in column 2 do not apply costs which do not change with the level of output costs which change with the level of output the change in total costs resulting from an increase in output by one unit function showing the quantities of a particular good demanded at a range of price when the quantity supplied of a good is greater than the quantity demanded when the quantity demanded for a particular good is greater than the quantity supplied the price and quantity determined in a market when the supply equals the demand when revenue exceeds costs when costs exceeds revenue output where revenue = costs