You have $100,000 to donate to your college. you want to endow a perpetual scholarship that makes its first payment in 1 year. if the college's discount rate is 4%, how large will the annual scholarship payment be? berk, jonathan; demarzo, peter; harford, jarrad (2017-01-18). fundamentals of corporate finance (berk, demarzo & harford, the corporate finance series) (page 121). pearson education. kindle edition.

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What impact did the economic opportunities in pennsylvania and new york have on virginia? a. virginia planters started to migrate to new york. b. new yorkers began buying up cheap virginia real estate. c. virginians found themselves resorting increasingly to slavery. d. virginians loosened their slave laws to attract more migrants.

Steele bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. steele produces and sells only 10,000 bikes each year. due to the low volume of activity, steele is unable to obtain the economies of scale that larger producers achieve. for example, steele could buy the handlebars for $31 each: they cost $34 each to make. the following is a detailed breakdown of current production costs: after seeing these figures, steele's president remarked that it would be foolish for the company to continue to produce the handlebars at $34 each when it can buy them for $31 each. calculate the total relevant cost. do you agree with the president's conclusion?