An investor is considering a project that will generate $900,000 per year for four years. in addition to upfront costs, at the completion of the project at the end of the fifth year there will be shut-down costs of $400,000 . if the cost of capital is 4.4%, based on the mirr, at what upfront costs does this project cease to be worthwhile? a) $2.62 millionb) $3.21 millionc) $2.91 milliond) $3.50 million

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.