Firm l has $670,000 to invest and is considering two alternatives. investment a would pay 6 percent ($40,200 annual before-tax cash flow). investment b would pay 4.8 percent ($32,160 annual before-tax cash flow). the return on investment a is taxable, while the return on investment b is tax exempt. firm l forecasts that its 21 percent marginal tax rate will be stable for the foreseeable future. a. compute the explicit tax and implicit tax that firm l will pay with respect to investment a and investment b. b-1. what is the annual after-tax cash flow for investment a

An attorney came to work on a saturday. when he signed in, he was advised by the morning security guard employed by the building management that he must be out of the building by 5 p.m., when it closes. however, he stayed past 5 p.m. to complete a brief that had to be filed on monday morning. at 5: 15 p.m., the afternoon security guard set the locks on all the doors of the building and left. because she was in a hurry, she did not check the sign-in sheet to make sure that everyone had signed out, contrary to mandatory procedures. when the attorney tried to exit 15 minutes later, he discovered that the doors were all locked and could not be opened from the inside. he used his cell phone to call for , and a supervisor from the building arrived and let him out shortly thereafter. if the attorney sues the building management for false imprisonment, is he likely to win?