1. What is the profitability index (to 2 decimal places) for a project that has an initial cost of $450,000 and the following cash flows in years 1-5, assuming a 10.5% discount rate? Year Cash Flow
1) 50,000
2) 75,000
3) 125,000
4) 225,000
5) 275,000
2. The Sarbanes−Oxley Act of 2002 strengthens accounting disclosure requirements and ethical guidelines for financial officers.
True False
3. When an investor places a? ________ order, he agrees to buy or sell at the best available price when the trade is executed.
A. stopminus−limit
B. limit
C. stop
D. market