An investor in an oil and gas limited partnership program is subject to the economic consequences of all of the following EXCEPT:. A) depreciation on tangible assets. B) nonrecourse loans. C) recourse loans. D) operating losses.

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

Assume today is december 31, 2013. barrington industries expects that its 2014 after-tax operating income [ebit(1 – t)] will be $400 million and its 2014 depreciation expense will be $70 million. barrington's 2014 gross capital expenditures are expected to be $120 million and the change in its net operating working capital for 2014 will be $25 million. the firm's free cash flow is expected to grow at a constant rate of 4.5% annually. assume that its free cash flow occurs at the end of each year. the firm's weighted average cost of capital is 8.6%; the market value of the company's debt is $2.15 billion; and the company has 180 million shares of common stock outstanding. the firm has no preferred stock on its balance sheet and has no plans to use it for future capital budgeting projects. using the corporate valuation model, what should be the company's stock price today (december 31, 2013)? round your answer to the nearest cent. do not round intermediate calculations.

Any point on a country's production possibilities frontier represents a combination of two goods that an economy: