Projects S and L Are Both Normal Projects with an Initial

question 57

Multiple Choice

Projects S and L are both normal projects with an initial cost of $10, 000, followed by a series of positive cash inflows.Project S's undiscounted net cash flows total $20, 000, while L's total undiscounted flows are $30, 000.At a WACC of 10%, the two projects have identical NPVs.Which project's NPV is more sensitive to changes in the WACC?

• A) Project L.
• B) Both projects are equally sensitive to changes in the WACC since their NPVs are equal at all costs of capital.
• C) Neither project is sensitive to changes in the discount rate, since both have NPV profiles that are horizontal.
• D) The solution cannot be determined because the problem gives us no information that can be used to determine the projects' relative IRRs.
• E) Project S.

Evaluate the strengths and weaknesses of various theories of crime, identifying which are more or less compelling in explaining crime in the United States.

Explain the difference between informal and formal punishment and their role in maintaining social order.

Define and distinguish between victimless crimes, street crimes, and white-collar crimes.

Discuss the relevance of conflict theory to understanding crime, supported by crime data.

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Definitions:

Age Discrimination

Unfair treatment or prejudice against individuals based on their age, which is illegal in employment and other areas.

Employment Act

Legislation that regulates labor conditions, including hours, wages, and working conditions.

Reasonable Accommodations

Adjustments or modifications provided by an employer to enable employees with disabilities to perform their job functions.

Americans with Disabilities Act

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, and all public and private places open to the general public.