In a recent annual report, Fourth Wall Inc. (formerly Greencube) disclosed that 60,900,000 shares of common stock have been authorized. At the beginning of the fiscal year, a total of 35,883,092 shares had been issued and the number of shares in treasury stock was 7,261,269. During the year, 563,265 additional shares were issued, and the number of treasury shares increased by 3,079,188 Determine the number of shares outstanding at the end of the year. (Amounts to be deducted should be indicated by a minus sign.)

Your company is starting a new r& d initiative: a development of a new drug that dramatically reduces the addiction to smoking. the expert team estimates the probability of developing the drug succesfully at 60% and a chance of losing the investment of 40%. if the project is successful, your company would earn profits (after deducting the investment) of 9,000 (thousand usd). if the development is unsuccessful, the whole investment will be lost -1,000 (thousand usd). your company's risk preference is given by the expected utility function: u(x) v1000 +x, where x is the monetary outcome of a project. calculate the expected profit of the project . calculate the expected utility of the project . find the certainty equivalent of this r& d initiative . find the risk premium of this r& d initiative e is the company risk-averse, risk-loving or risk-neutral? why do you think so?