ACME labs is considering purchasing a new industrial blast furnace for $96,400. They anticipate that annual maintenance will cost $12,050 per year but expect that this furnace will generate $144,600 in net positive benefit each year from reduced energy consumption and labor costs for the next five years. Further, they expect the residual value of the furnace to be 25% of the purchase cost at the end of its useful life. What is the net future worth of this project if ACME's MARR is 8%

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.

Consider two similar industries, portal crane manufacturing (pcm) and forklift manufacturing (flm). the pcm industry has exactly three incumbents with annual sales of $800 million, $200 million and $100 million, respectively. the flm industry has also exactly three incumbents, with annual sales of $500 million, $450 million and $400 million, respectively. which industry is more likely to experience a higher level of rivalry?