Asian and Pacific Islander culture respects clearly defined family structure and hierarchy of authority.

Which of the following is NOT one of the four components that define organizations?

You purchased and put in use an asset with useful life of 5 years under MACRS depreciation system. For how many years will you record depreciation expense for this asset?

You purchased and put in use an asset with useful life of 5 years under MACRS depreciation system. For how many years will you record depreciation expense for this asset?

The [term1] [term2] of return is the estimated rate (i.e., percentage) that makes the discounted present value of future cash flows equal to the initial investment (2 words, 1 point for each word, up to 2 points).

Which of the following statements regarding capital investment analysis is FALSE?

The [term1] [term2] Simulation is an extension to scenario analysis in which a computer provides a distribution of possible outcomes, for example, project NPVs, based on repeated sampling from a distribution associated with one or more input variables in a decision model. (2 words, 1 point for each word, 2 points total)

The [term1] [term2] of return is the estimated rate (i.e., percentage) that makes the discounted present value of future cash flows equal to the initial investment (2 words, 1 point for each word, up to 2 points).

Which of the following statements regarding capital investment analysis is FALSE?

If the after-tax cost of debt is 10%, what is the approximate pre-tax cost for a firm in the 40% tax bracket?