The geometric mean is often used in business and economics for finding average rates of change, average rates of growth, or average ratios. given n values (all of which are positive), the geometric mean is the nth root of their product. the average growth factor for money compounded at annual interest rates of 13.4%, 7.8%, and 3.4% can be found by computing the geometric mean of 1.134, 1.078, and 1.034. find that average growth factor, or geometric mean. what single percentage growth rate would be the same as having three successive growth rates of 13.4%, 7.8%, and 3.4%? is that result the same as the mean of 13.4%, 7.8%, and 3.4%?

The maximum tax rate on estates and gifts

"in my opinion, we ought to stop making our own drums and accept that outside supplier's offer," said wim niewindt, managing director of antilles refining, n.v., of aruba. "at a price of $21 per drum, we would be paying $4.70 less than it costs us to manufacture the drums in our own plant. since we use 70,000 drums a year, that would be an annual cost savings of $329,000." antilles refining's current cost to manufacture one drum is given below (based on 70,000 drums per year):

Pennewell publishing inc. (pp) is a zero growth company. it currently has zero debt and its earnings before interest and taxes (ebit) are $80,000. pp's current cost of equity is 10%, and its tax rate is 40%. the firm has 10,000 shares of common stock outstanding selling at a price per share of $48.00. refer to the data for pennewell publishing inc. (pp). pp is considering changing its capital structure to one with 30% debt and 70% equity, based on market values. the debt would have an interest rate of 8%. the new funds would be used to repurchase stock. it is estimated that the increase in risk resulting from the added leverage would cause the required rate of return on equity to rise to 12%. if this plan were carried out, what would be pp's new value of operations? a. $484,359 b. $521,173 c. $584,653 d. $560,748 e. $487,805