The Fama-French three-factor model Consider the following two statements and identify which model each describes: This model relies on only one explanatory factor for a security’s (or portfolio’s) required return and imposes a large number of restrictive and unrealistic assumptions.(a) Capital Asset Pricing Model(b) Fama-French three-factor model

You are considering the purchase of one of two machines used in your manufacturing plant. machine 1 has a life of two years, costs $20,000 initially, and then $4,000 per year in maintenance costs. machine 2 costs $25,000 initially, has a life of three years, and requires $3,500 in annual maintenance costs. either machine must be replaced at the end of its life with an equivalent machine. using eac which is the better machine for the firm