Item 4 Based on market values, Gubler's Gym has an equity multiplier of 1.61 times. Shareholders require a return of 11.51 percent on the company's stock and a pretax return of 4.99 percent on the company's debt. The company is evaluating a new project that has the same risk as the company itself. The project will generate annual aftertax cash flows of $307,000 per year for 6 years. The tax rate is 39 percent. What is the most the company would be willing to spend today on the project

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november.