Texas Transport has five possible investment projects for the coming year. Each project is
indivisible.
They are:
Project Investment (million) IRR
A 6 18
B 10 15
C 9 20
D 4 12
E 3 24
The firm's weighted marginal cost of capital schedule is 12 percent for up to 6 million of
investment; 16 percent for between 6 million and 18 million of investment; and above 18
million the weighted cost of capital is 18 percent. The optimal capital budget is
A) 28 million. B) 23 million. C) 18 million. D) 12 million.
Question 2
Operating leverage refers to
A) the additional chance of insolvency borne by the common shareholder.
B) financing a portion of the firm's assets with securities bearing a fixed rate of return.
C) a high degree of variable costs of production.
D) the incurrence of fixed operating costs in the firm's income stream.
Mechanism of transport by a transporter, also called a carrier.
The phosphorus cycle. Numbers are 1012 g P or fluxes as 1012 g P per year (data from Schlesinger 199
Transport of mRNP particles from a yeast mother cell into the bud
Karen McCoy, Considering Mother's Mantle, project for Stone Quarry Hill Art Park, Cazenovia, ...
Water vapor is supplied to the atmosphere by local evaporation or horizontal transport (advection).
The year 2010 was the hottest since 1880