Carlin company, which uses net present value to analyze investments, requires a 10% minimum rate of return. a staff assistant recently calculated a $500,000 machine's net present value to be $86,400, excluding the impact of straight-line depreciation. fv of 1 (i=10%, n=5): 1.611 fv of a series of $1 cash flows (i=10%, n=5): 6.105 pv of $1 (i=10%; n = 5): 0.621 pv of a series of $1 cash flows (i=10%, n=5): 3.791 if carlin ignores income taxes and the machine is expected to have a five-year service life, the correct net present value of the machine would be:

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.