Consider the following argument: (1) Mortgage rates are at an all time low. (2) It is therefore a good time to buy a home. (3) Also, property values have been increasing over the last five years, and (4) a number of new homes in my neighborhood are for sale. Which of the four numbered statements is the conclusion? 4 2 1 3

Aproject currently generates sales of $14 million, variable costs equal 50% of sales, and fixed costs are $2.8 million. the firm’s tax rate is 40%. assume all sales and expenses are cash items. (a). what are the effects on cash flow, if sales increase from $14 million to $15.4 million? (input the amount as positive value. enter your answer in dollars not in (b) what are the effects on cash flow, if variable costs increase to 60% of sales? (input the amount as positive value. enter your answers in dollars not in millions). cash flow (increase or decrease) by $