You want to bid on a company that will generate $50,000 a year for the next 3 years. At the end of the third year the company will be liquidated, and all the assets will be sold for $150,000. Assume a discount rate of 6%. How much should you bid?

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

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"undercapitalization"  is best described as the lack of funds to operate a business normally.