Assume that you will receive $3,000 a year in years 1 through 5, $4,000 a year in years 6 through 8, and $5,000 in year 9 with all cash flows to be received at the ends of the years. If the WACC is 15%, then what is the present value of these cash flows if no cash is exchanged at present time? Select one: a. $6,968 b. $11,247 c. $11,714 d. $16,018 e. $19,669

Until recently, hamburgers at the city sports arena cost $4.70 each. the food concessionaire sold an average of 13 comma 000 hamburgers on game night. when the price was raised to $5.40, hamburger sales dropped off to an average of 6 comma 000 per night. (a) assuming a linear demand curve, find the price of a hamburger that will maximize the nightly hamburger revenue. (b) if the concessionaire had fixed costs of $1 comma 500 per night and the variable cost is $0.60 per hamburger, find the price of a hamburger that will maximize the nightly hamburger profit.