Joe and rich are both considering investing in a project that costs $25,500 and is expected to produce cash inflows of $15,800 in year 1 and $15,300 in year 2. joe has a required return of 8.5 percent but rich demands a return of 12.5 percent. who, if either, should accept this project? a. joe, but not rich b. rich, but not joe c. neither joe nor rich d. both joe and rich e. joe, and possibly rich, who will be neutral on this decision as his net present value will equal zero

Suppose life expectancy in years (l) is a function of two inputs, health expenditures (h) and nutrition expenditures (n) in hundreds of dollars per year. the production function is upper l equals ch superscript 0.40 baseline upper n superscript 0.60l=ch0.40n0.60. beginning with c = 1, a health input of $400400 per year (hequals=44) and a nutrition input of $400400 per year (nequals=44), show that the marginal product of health expenditures and the marginal product of nutrition expenditures are both decreasing. the marginal product of health expenditures when h goes from 44 to 55 is nothing, and the marginal product of health when h goes from 66 to 77 is nothing. (round your answers to three decimal places.)