The following information relates to financial projections of Stewart Company: Projected sales 60,000 units Projected variable costs $3.00 per unit Projected fixed costs $40,000 per year Projected unit sales price $7.00 If Stewart Company's tax rate is 40%, how many units would Stewart Company need to sell (target income volume) to earn an after-tax profit of $8,000? Choose the closest answer. A. 10,667 B. 13,333 C. 15,000 D. 13,077

Consider a treasury bill with a rate of return of 5% and the following risky securities: security a: e(r) = .15; variance = .0400 security b: e(r) = .10; variance = .0225 security c: e(r) = .12; variance = .1000 security d: e(r) = .13; variance = .0625 the investor must develop a complete portfolio by combining the risk-free asset with one of the securities mentioned above. the security the investor should choose as part of her complete portfolio to achieve the best cal would be a. security a b. security b c. security c d. security d