Bate Manufacturing is considering a project with a 7 year life. The data for the project are given below. What is the free cash flow in Year 0 for this project? Sales revenue, each year: $150,000 Variable costs, each year: $20,000 Fixed costs, each year: $10,000 Depreciation expense, each year: $50,000 Initial outlay (i. e. cost of equipment): $300,000 Increase in Net Operating Working Capital: $30,000

Pam is a low-risk careful driver and fran is a high-risk aggressive driver. to reveal their driver types, an auto-insurance company a. refuses to insure high-risk drivers b. charges a higher premium to owners of newer cars than to owners of older cars c. offers policies that enable drivers to reveal their private information d. uses a pooling equilibrium e. requires drivers to categorize themselves as high-risk or low-risk on the application form