3. Are Gaga’s main partners—Live Nation, WME, and her record label Interscope—likely to have the same preferences regarding the three options? Are their incentives generally aligned with Gaga’s? 4. What were some of the unique aspects of Gaga’s launch as an artist up to September 2009? How can her team best go about further developing her touring and recording career going forward? 5. How important are concert-ticket sales versus recorded-music sales for an artist like Gaga? Where should team Gaga focus its efforts in the future?

You are the manager of a large crude-oil refinery. as part of the refining process, a certain heat exchanger (operated at high temperatures and with abrasive material flowing through it) must be replaced every year. the replacement and downtime cost in the first year is $165 comma 000. this cost is expected to increase due to inflation at a rate of 7% per year for six years (i.e. until the eoy 7), at which time this particular heat exchanger will no longer be needed. if the company's cost of capital is 15% per year, how much could you afford to spend for a higher quality heat exchanger so that these annual replacement and downtime costs could be eliminated?