2. Consider a project which requires $1000 of initial investment and generates the next cash flows $300, $300 and $500 over the next three years. When the project is profitable?

The project is profitable after  3.8 years

Explanation:

Year                           Cash Flow                            Cumulative  

0                                  -$1000                                  -$1000

1                                     $300                                    -$700

2                                     $300                                    -$400

3                                      $500                                     $100

400/500 0.8

3.8 years

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

answer; charters;