Capital Budgeting The Recycled Paper Inc. corporation is con…

Capital Budgeting The Recycled Paper Inc. corporation is considering a project with the following cash flows. Year Cash Flow 0 ($76,000) 1 $18,500 2 $18,500 3 $18,500 4 $18,500 5 $12,500 6 $12,500 7 $12,500 8 $12,500 Refer to the Capital Budgeting narrative. What is the IRR of the proposed project?

An economist is interested in studying the incomes of consum…

An economist is interested in studying the incomes of consumers in a particular region. The population standard deviation is known to be $1,000. A random sample of 50 individuals resulted in an average income of $15,000. What is the upper end point in a 99% confidence interval for the average income?