On may 1, beasley paid $426,300 in stock (fair value) for all of the assets and liabilities of donovan, which will cease to exist as a separate entity. in connection with the merger, beasley incurred $19,600 in accounts payable for legal and accounting fees. 13. how much should beasley record as total assets acquired in the donovan merger?

Consider the following two projects. both have costs of $5,000 in year 1. project 1 provides benefits of $2,000 in each of the first four years only. the second provides benefits of $2,000 for each of years 6 to 10 only. compute the net benefits using a discount rate of 6 percent. repeat using a discount rate of 12 percent. what can you conclude from this exercise?