The grand performance hall is in the process of remodeling and is scheduled to open for business after being closed for 50 years. as part of the remodeling, it is installing a new sound system. the sound system is to be installed by sound systems, inc. on or before april 10. opening night of the hall is may 1. the contract states that "time is of the essence" because of the opening-night deadline. sound systems has some financial difficulties and doesn't deliver the system until april 20. grand hall refuses to accept it, and sound systems sues. what result?

Lambert manufacturing has $100,000 to invest in either project a or project b. the following data are available on these projects (ignore income taxes.): project a project b cost of equipment needed now $100,000 $60,000 working capital investment needed now - $40,000 annual cash operating inflows $40,000 $35,000 salvage value of equipment in 6 years $10,000 - both projects will have a useful life of 6 years and the total cost approach to net present value analysis. at the end of 6 years, the working capital investment will be released for use elsewhere. lambert's required rate of return is 14%. the net present value of project b is: