Future cash inflows from investment
A project requires an initial investment of $70,000 and has a project profitability index of 0.141. The present value of the future cash inflows from this investment is:
a)$61,350
b)$68,920
c)$75,210
d)$79,870
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Kern Company purchased bonds with a face amount of $600,000 between interest payment dates. Kern purchased the bonds at 102, paid brokerage costs of $9,000, and paid accrued interest for three months of $15,000. The amount to record as the cost of
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