You have been asked by the president of your company to evaluate the proposed acquisition of a new special-purpose truck for $60,000. the truck falls into the macrs 3-year class, and it will be sold after three years for $19,200. use of the truck will require an increase in nwc (spare parts inventory) of $1,200. the truck will have no effect on revenues, but it is expected to save the firm $20,600 per year in before-tax operating costs, mainly labor. the firm’s marginal tax rate is 39 percent. what will the cash flows for this project be?

a naked warrant, also known as a covered warrant, is a derivative that allows the holder to buy or sell a security, such as a bond or share. unlike a normal warrant, it is not attached to a newly issued bond or preferred stock.

unsecured bonds: they are not secured by a specific asset, but rather by "the full faith and credit" of the issuer. in other words, the investor has the issuer's promise to repay but has no claim on specific collateral. debt, such as unsecured bond debt, is said to be “subordinated,” or junior, to secured debt.

fractionally backed paper money

fiat money

paper money

metallic money

answer; schedule c;