Use the Following Information to Answer the Question(s)below

question 23

Multiple Choice

Use the following information to answer the question(s) below.
Frank Dewey Esquire from the firm of Dewey,Cheatum,and Howe,has been offered an upfront retainer of $30,000 to provide legal services over the next 12 months to Taggart Transcontinental.In return for this upfront payment,Taggart Transcontinental would have access to 8 hours of legal services from Frank for each of the next 12 months.Frank's normal billable rate is $250 per hour for legal services.
-Assuming that Dewey's cost of capital is 12% EAR,then the number of potential IRRs that exist for this problem is equal to:

• A)0.
• B)1.
• C)2.
• D)12.

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Definitions:

Symptoms

Observable signs or indications of the existence of a disease, condition, or the presence of an underlying psychological or physical disorder.

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A psychological treatment method that involves gradual exposure to feared stimuli in order to reduce the fear response over time.

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A physical activity involving the movement of the body through water, typically using the arms and legs to propel oneself.