1. Based on the readings of your Business Law textbook, which of the following is not generally considered an advantage of using Alternative Dispute Resolution?
a. It is less expensive.
b. Consistent outcomes.
c. There is less delay.
d. Control remains with the parties to the dispute.
2. A project will cost $20,000 today and yield cash inflows of $15,000 and $25,000 at the end of Year 1 and Year 2, respectively. At the end of Year 3, the project will require an additional clean-up cost of $5,000. The required rate of return for similar projects is 10%. What is the MIRR of this project if we use the reinvestment approach?
a. 38.90%
b. 24.32%
c. 48.03%
d. 61.80%
e. 26.67%