Find the Critical Point(s) of the Function

question 20

Essay

Find the critical point(s) of the function. Then use the second derivative test to classify the nature of each point, if possible. Finally, determine the relative extrema of the function. Find the critical point(s) of the function.
Find the point(s) of maximum.
Find the point(s) of minimum.
Find the relative extrema of the function.

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Definitions:

Marginal Tax Rate

The rate at which the next dollar of taxable income will be taxed.

WACC

Weighted Average Cost of Capital; a calculation of a company's capital cost that weighs each category of capital proportionately.

Marginal Tax Rate

The marginal tax rate is the rate of tax applied to the next dollar of taxable income, indicating the percentage of tax an individual or corporation pays on an additional dollar of income.

Yield-to-Maturity

The total return anticipated on a bond if the bond is held until it matures, considering all interest payments and repaid principal.