You must evaluate the purchase of a proposed spectrometer for the r& d department. the base price is $260,000, and it would cost another $65,000 to modify the equipment for special use by the firm. the equipment falls into the macrs 3-year class and would be sold after 3 years for $65,000. the applicable depreciation rates are 33%, 45%, 15%, and 7%. the equipment would require a $13,000 increase in net operating working capital (spare parts inventory). the project would have no effect on revenues, but it should save the firm $70,000 per year in before-tax labor costs. the firm's marginal federal-plus-state tax rate is 40%. what is the initial investment outlay for the spectrometer, that is, what is the year 0 project cash flow? round your answer to the nearest cent. negative amount should be indicated by a minus sign

Consider the following two stocks, a and b. stock a has an expected return of 10%, 10% standard deviation, and a beta of 1.20. stock b has an expected return of 14%, 25% standard deviation, and a beta of 1.80. the expected market rate of return is 9% and the risk-free rate is 5%. security would be considered a good buy if we include the stock in a well diversified a portfolio because a. b, it offers better alpha b. a, it offers better alpha c. a, it offers better sharpe ratio d. b, it offers better sharpe ratio

Needs to schedule the staffing of the center. it is open from 8am until midnight. larry has monitored the usage of the center at various times of the day and determined that the following number of computer consultants are required: time of dayminimum number of consultants required to be on duty8 am-noon4noon-4 pm84pm-8pm108pm-midnight6 two types of computer consultants can be hired: full-time and part-time. the full- time consultants work for eight consecutive hours in any of the shifts: morning (8am- 4pm), afternoon (noon-8pm) and evening (4pm-midnight). full-time consultants are paid $14 per hour. part-time consultants can be hired to work any of the four shifts listed in the table. part-time consultants are paid $12 per hour. an additional requirement is that during every time period, there must be at least two full-time consultants on duty for every part-time consultant on duty. larry would like to determine how many full-time and part-time consultants should work each shift to meet the above requirements at the minimum possible cost. formulate this as an lp problem. you must define your variables clearly

Which of these is an example of innovation?