Acme corp. is expected to generate a free cash flow (fcf) of $2,840.00 million this year (fcf₁ = $2,840.00 million), and the fcf is expected to grow at a rate of 25.00% over the following two years (fcf₂ and fcf₃). after the third year, however, the fcf is expected to grow at a constant rate of 3.90% per year, which will last forever (fcf₄). assume the firm has no nonoperating assets. if acme corp.’s weighted average cost of capital (wacc) is 11.70%, what is the current total firm value of acme corp.? (note: round all intermediate calculations to two decimal places.)

a. $67,681.56 million
b. $8,571.82 million
c. $61,181.84 million
d. $50,984.87 million

Bill dukes has $100,000 invested in a 2-stock portfolio. $62,500 is invested in stock x and the remainder is invested in stock y. x's beta is 1.50 and y's beta is 0.70. what is the portfolio's beta? do not round your intermediate calculations. round the final answer to 2 decimal places.

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.

Why is job security of such importance to workers?