The optimal investment schedule shifts to the right if O A. current total factor productivity z decreases. O B. future total factor productivity z' increases. O C. future total factor productivity z'

Answers

Answer 1

An investment schedule is a set of data for an aggregate amount invested by the firms at different income levels to produce the output. The variable on which the investment schedule depends is income. It is the supply of investment that is forthcoming in the economy.

The optimal investment schedule shifts to the right if future total factor productivity z' increases

This is because when future productivity is expected to be higher, it makes more sense to invest more in the future as the returns are expected to be greater. Conversely, if current total factor productivity z decreases, it would make less sense to invest more in the future as the returns are expected to be lower. Therefore, option B is the correct answer.

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Related Questions

A project has a 50% chance of doubling your investment in 1 year and a 50% chance of losing half your money. What it the expected return on this investment project? 75% 0% 25% 50%

Answers

25% is the expected return on this investment project. The expected return, for instance, would be 5% if an investment had a 50% probability of making a 20% profit and a 50% chance of losing 10%.

Although not guaranteed for the future because it is typically based on historical data, the expected return frequently establishes realistic expectations. The minimum return needed to consider an investment choice is represented by the necessary rate of return.

The expected return, on the other hand, is the amount of money the investor anticipates making from the investment.

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interview any business owner on impact of crime​

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Answer:

Businesses that had been affected by crime were found to be 17 to 22 percent less likely to increase employment. Almost half the businesses said that fear of crime among their clients or customers had had a negative impact on their businesses. This figure was particularly high in townships and inner city locations.

Explanation:

I hope this helps you sorry if it doesn’t

4) The ________ function is responsible for identifying customers.
A) finance and accounting
B) human resources
C) manufacturing and production
D) sales and marketing
E) distribution and logistics

Answers

The correct answer is D) sales and marketing.

The sales and marketing function is responsible for identifying customers. This function focuses on understanding the target market, conducting market research, and developing strategies to attract and engage potential customers. It involves activities such as market segmentation, customer profiling, lead generation, and customer relationship management.

The sales and marketing team analyzes customer needs, preferences, and behaviors to create effective marketing campaigns, promotional activities, and sales tactics. By identifying customers, the sales and marketing function plays a vital role in driving revenue generation and business growth. They are responsible for building relationships with customers, communicating the value of products or services, and ultimately converting leads into sales.

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With online bill pay, what is the difference between a one-time payment and a recurring payment?

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Answer:

when you do a one time payment you only pay once. When you set up a reaccuring payment you will pay mulitpul times.

Explanation:

Pls help i put 15 points

Pls help i put 15 points

Answers

Answer:

False

Explanation:because it's 2 not 6 but not sure welcome

In most industries, getting into which kind of role usually requires experience? A. Entry-level B. Intership C. Managerial

Answers

The answer is B. Because that is what helps you the most:)

Answer:

ifj

Explanation:

gjhguvcygvgvyvvvvbjfhjfg vy9bi givgu vu

Toyota created a unique tool, called the _____, to succinctly consolidate and visualize information for identifying and solving quality problems.

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Toyota created a unique tool, called the A3 report, to succinctly consolidate and visualize information for identifying and solving quality problems.

The A3 report is a one-page document that follows a standardized format to guide problem-solving and decision-making.

It includes sections for background information, problem statement, root cause analysis, proposed countermeasures, and action plan with timelines. The A3 report helps Toyota employees to communicate clearly and efficiently with each other, as well as with external stakeholders. By using the A3 report, Toyota fosters a culture of continuous improvement and encourages employees to take ownership of their work and contribute to the company's success.

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The purpose of the obtain/build value chain activity is to ensure:

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The purpose of the obtain/build value chain activity is to ensure that an organization has the necessary resources, materials, and capabilities to produce its products or services.

This activity involves both obtaining resources from external suppliers and building internal capabilities through investments in technology, infrastructure, and human resources.

By obtaining and building resources and capabilities, an organization can ensure that it has a reliable supply chain and the ability to produce high-quality products or services efficiently. This activity also helps organizations to stay competitive by keeping up with technological advancements and continuously improving their operations.

The obtain/build activity is a critical part of the value chain as it lays the foundation for the subsequent value chain activities such as production, marketing, and distribution. Without adequate resources and capabilities, an organization may struggle to meet customer demands, stay competitive in the marketplace, and achieve its strategic objectives.

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department s had no work in process at the beginning of the period. it added 12,000 units of direct materials during the period at a cost of $84,000; 9,000 units were completed during the period; and 3,000 units were 30% completed as to labor and overhead at the end of the period. all materials are added at the beginning of the process. direct labor was $49,500, and factory overhead was $9,900.the total conversion costs for the period werea.$143,400b.$9,900c.$49,500d.$59,400

Answers

To calculate the total conversion costs for the period, we need to consider the cost of both direct labor and factory overhead. Direct materials are not included in conversion costs as they are added at the beginning of the process.

First, let's calculate the conversion cost for the 9,000 units that were completed during the period. This would be the sum of the direct labor and factory overhead, which is $49,500 + $9,900 = $59,400.

Next, let's consider the 3,000 units that were 30% completed as to labor and overhead at the end of the period. This means that 70% of the conversion costs have not yet been incurred. To calculate the conversion costs for these units, we can multiply 70% by the conversion cost per unit that we calculated for the completed units.

Conversion cost per unit = $59,400/9,000 = $6.60 per unit

Conversion cost for 3,000 units = 70% x $6.60 x 3,000 = $13,860

Therefore, the total conversion costs for the period would be the sum of the conversion costs for the completed units and the 30% completed units, which is $59,400 + $13,860 = $73,260.

Option D, $59,400, only includes the cost of direct labor and does not include factory overhead. Therefore, the correct answer is option A, $143,400.

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Which term describes when a party unjustifiably fails to substantially perform his or her obligations under the contract?

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The term that describes when a party unjustifiably fails to substantially perform his or her obligations under the contract is called "breach of contract."

Breach of contract occurs when one party fails to perform its obligations under the contract, whether in part or in whole, without a valid legal excuse. This can include failing to deliver goods or services as promised, failing to pay for goods or services, or failing to meet other contractual obligations.

In such cases, the non-breaching party may be entitled to remedies such as damages or specific performance, depending on the terms of the contract and the nature of the breach.

It's important to note that not all breaches of contract are the same, and the remedies available to the non-breaching party will depend on the specific circumstances of each case.

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When fire alarm sounds. Why should you evacuate children immediately even if you do not see flames?

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Answer: because even if there is no fire there could be an explosion, fire and gasoline WILL make an explosion. So Basically it can start with fire but soon turn into an explosion. If it's a fire DRILL then it's for practice if that actually does happen.

As a smart consumer, you are always on the lookout for sales, coupons, and rebates. While shopping for new clothes, you notice that one particular brand of shirts is on sale for 20% off the original price. You also have a coupon for $10 off a $40 purchase. Coupons are applied after the 20% discount is taken. If each shirt originally costs $17.99, how many shirts would you need to buy to be able to use your coupon? Show your work

Answers

Answer:

3 shirts

Explanation:

The cost of one shirt is  before discounts is $17.99

After a 20% discounts, the shirt will retail at  

= $17.99 - (20% of $17.99)

=$17.99 -$3.598

=$14.392

The coupon applies purchases worth $40. A customer will need by

=$40/$14.392

=2.7793

The customer has to buy 3 shirts

Nederlander's customers are mostly women in the age group of 30 to 59 years with an annual household income of approximately $200,000. The company's Audience Rewards program appeals to its major partners because they want to get access to Nederlander's customers. The partners use the information about the customers for the _______ step of their personal selling process.

Answers

The partners use the information about the customers for the Prospecting step of their personal selling process.

Finding and investigating prospective consumers who are likely to make a purchase is the practice of prospecting.

The data from Nederlander's clients can be used by the partners to identify the clients who are most likely to make a purchase. They may more effectively target their marketing and sales activities thanks to this data. They can also tailor their offers and promotions to the needs and tastes of the customer.

The partners may create more successful sales tactics and raise their chances of success by understanding their clients.

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Market penetration pricing and market skimming pricing are typically used at which stage of a product’s life cycle?

A. introduction
B. growth
C. maturity
D. decline
E. ideation

Answers

Answer:

A. introduction

The answer is introduction

$11 000 will be needed in 7 years to replace a piece of equipment. How much money must be placed annually into a sinking fund that earns 5% interest? Assume the first payment is made today and the last one eight years from today with interest compounded annually.

Answers

To accumulate $11,000 in 7 years with 5% compounded yearly interest, an annual contribution of about $1,621.78 must be made to the sinking fund. This computation is based on a conventional annuity formula's future value.

The future value of an ordinary annuity formula can be used to determine the amount of money that must be deposited yearly into a sinking fund.

The formula for calculating the future value of an ordinary annuity is as follows:

FV = P / [(1 + r)n - 1]

Where FV denotes the annuity's future value.

P denotes the annual payment amount.

r = Periodic interest rate (in this example, 5% or 0.05).

n = Period number (in this example, 7 years).

We know that the required future value (FV) is $11,000 and that the interest rate (r) is 5%. We must calculate the annual payment amount (P).

11,000 = P * [(1 + 0.05)^7 - 1] / 0.05

To simplify the problem, first compute [(1 + 0.05)7 - 1] / 0.05, which is roughly 6.7847.

11,000 = P * 6.7847

We can now get P by dividing both sides of the equation by 6.7847.

P = 11,000 / 6.7847

P ≈ $1,621.78

As a result, $1,621.78 must be put into the sinking fund each year to build $11,000 in 7 years at 5% compounded yearly.

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What is the range for the 68-95-99.7 distribution?

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The range for the 68-95-99.7 distribution is approximately three standard deviations from the mean.

What is the range covered by the 68-95-99.7 distribution?

In statistics, the 68-95-99.7 distribution, also known as the empirical rule or the three-sigma rule, is a guideline that applies to data that follows a normal distribution. It states that approximately 68% of the data falls within one standard deviation of the mean, about 95% falls within two standard deviations, and roughly 99.7% falls within three standard deviations.

To understand the range covered by this distribution, we can visualize it as a bell-shaped curve. The mean of the distribution represents the central value, and standard deviations measure the spread of the data. The range for the 68-95-99.7 distribution extends approximately three standard deviations on both sides of the mean. This means that for a normal distribution, about 68% of the data points fall within the range of mean ± one standard deviation, 95% within mean ± two standard deviations, and 99.7% within mean ± three standard deviations.

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The fact that a bank's assets tend to be long-term while its liabilities are short-term creates:
a. interest-rate risk.
b. credit risk.
c. lower risk for the bank, this is why they follow this strategy.
d. trading risk.

Answers

a. interest-rate risk. Bank's assets tend to be long-term while its liabilities are short-term creates.

What is assets?

Assets are tangible or intangible resources that a person or business owns. Assets can be short-term or long-term investments and can be used to generate income or increase value. Examples of assets include cash, real estate, investments, inventory, equipment, vehicles, and intellectual property. They can be classified as current assets or non-current assets depending on their expected lifespan. Current assets are those that are expected to be realized within one year, while non-current assets are those that are expected to be owned for more than one year. Assets are important for businesses because they are used to generate revenue, pay expenses, and increase shareholder value. Additionally, assets provide liquidity, which allows businesses to generate cash flow and make investments.

Therefore the correct answer is A.

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Tony, Juan, and Isabel live in a city where the combined state and local sales tax rate is 8%. They each purchased the same computer and paid $160 in sales tax. A 5-column table has 3 rows. The first column has entries Tony, Juan, Isabel. The second column is labeled Income with entries 10,000, 50,000, 75,000. The third column is labeled Cost of computer with entries 2,000, 2,000, 2,000. The fourth column is labeled Sales tax paid with entries 160, 160, 160. The fifth column is labeled tax rate with entries 1.6 percent, 0.32 percent, and 0.21 percent. This scenario describes a tax system. Isabel pays Tony and Juan on the computer. pays the highest tax rate on the computer. would be the most affected by an increase in the sales tax rate.

Answers

Answer:

Tony pays the highest tax rate on the computer, not based on the nominal sales tax rate, but on the percentage that the tax represents of his total income.

His income is $10,000, and he pays $160 in sales tax, for an effective rate of 1.6%.

The person who would be the most affected by an increase in the sales tax rate is again, Tony, simply because he has the lowest income. Juan and Isabel would also be affected by a sales tax increase, but on a much lower scale (because their incomes are also a lot larger).

a) The scenario described by the 5-column table with 3 rows showed that Tony paid the highest tax rate (effective) on the computer, based on his income level.

b) Tony would be the most affected by an increase in the sales tax rate because his effective tax rate would increase, causing him to suffer the most.

What is a sales tax?

A sales tax is a proportional tax that charges the same percentage on the consumption of goods and services without considering a person's income level.

Data and Calculations:

Tax Payer    Income      Cost of Computer   Sales Tax Paid   Tax Rate

Tony          $10,000              $2,000                      $160           1.6%

Juan           50,000                 2,000                        160           0.32%

Isabel         75,000                 2,000                        160           0.21% ($160/$75,000 x 100)

Thus, this scenario of a tax system illustrates that sales tax is not progressive, but it is proportional since it is based on consumption and not income level.

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What is complementary cumulative normal distribution function?

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The complementary cumulative normal distribution function is a statistical function that calculates the probability that a random variable will have a value greater than a specified value. In other words, it is the complement of the cumulative normal distribution function, which calculates the probability that a random variable will have a value less than or equal to a specified value.

The formula for the complementary cumulative normal distribution function is:

F(x) = 1 - Φ(x)

Where F(x) is the complementary cumulative normal distribution function, and Φ(x) is the cumulative normal distribution function.

In practical terms, the complementary cumulative normal distribution function is used to calculate the probability that a random variable will fall within a certain range.

For example, if we want to calculate the probability that a random variable will have a value greater than 80, we would use the complementary cumulative normal distribution function to find the probability that the variable will have a value less than or equal to 80, and then subtract that probability from 1 to find the probability that the variable will have a value greater than 80.

The complementary cumulative normal distribution function is an important statistical tool that is used to calculate the probability that a random variable will have a value greater than a specified value.

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How does checkout assist help improve the customers checkout experience

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A customer with the help of check-out assist can scan item barcodes before paying for their total shop without needing one-to-one staff assistance.

Self-service checkouts (SCOs), also known as aided checkouts (ACOs) or self-service checkouts, are machines that allow customers to complete their own transactions from a merchant without the need for a traditional staff checkout.

Self-service checkouts are most commonly found in supermarkets, but they are also found in department and convenience stores. Most self-checkout facilities are overseen by at least one staff member, who frequently assists customers with transaction processing, price correction, or other assistance.

Therefore, checkout assist help improve the customers checkout experience.

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a motivational speach before final exams​

Answers

Explanation:

Honestly, you got this! Don't stress yourself too much! You are capable of AMAZING things! I am positive you will do great on this exam! Never stop working hard, but don't forget to reward yourself! You can do anything you set your mind to!

I don't know if this helped but GOOD LUCK!!

Suppose gdp per capita is $2,500 in 1912 and $2,550 in 1913. the growth rate of gdp per capita from 1912 to 1913 is ________.

Answers

Suppose GDP per capita is $2,500 in 1912 and $2,550 in 1913. the growth rate of GDP per capita from 1912 to 1913 is 2 percent, 2,550-2500/2500 * 100.

The annual growth rate of real gross domestic product (GDP) per capita is calculated as the percentage change in real GDP per capita for two consecutive years. Real GDP per capita is calculated by dividing GDP at constant prices by the population of a country or region.

To calculate the growth rate, take the current value and subtract it from the previous value. Then divide this difference by the previous value and multiply by 100 to get a growth rate percentage plot.

GDP is therefore defined by the following formula: GDP = Consumption + Investment + Government Expenditure + Net Exports, or simply put, GDP = C + I + G + NX, Consumption (C) represents personal consumption expenditure of households and non-consumers. -Commercial Entities. Investment (I) refers to business expenses

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88 million people live on less than $1. 00 a day. These people are said to be living in _____________.

Answers

88 million people live on less than $1. 00 a day. These people are said to be living in absolute poverty.

Poverty is about no longer having enough money to fulfill primary wishes which include meals, garb and safe haven. but, poverty is extra, an awful lot more than just now not having enough cash. the arena bank corporation describes poverty in this manner: “Poverty is hunger. Poverty is loss of safe haven.

We will outline poverty as the circumstance in which the fundamental needs of a own family, like meals, refuge, clothing, and schooling are not fulfilled. it is able to lead to different troubles like poor literacy, unemployment, malnutrition, and so on. A terrible individual is not capable of get education due to lack of cash and consequently stays unemployed.

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Claire is opening her first savings account with a $200 deposit. Her account pays 0.5% interest compounded monthly. How much will this $200 earn in interest over the next 20 years?

Answers

If adding

48240

If subtracting

47760

Problem 2
Using Python3
Given a list of string (strings)
Find s short string (bigstring) that
for every s in string, s is a substring of bigstring.
Use the approximation algorithm we gave in class.
Running Time:
###############################################################
def superstring(strings):
"""
>>> superstring(["CADBC", "CDAABD", "BCDA", "DDCA", "ADBCADC"])
'BCDAABDDCADBCADC'
"""
pass

Answers

The main answer is the implementation of the superstring function in Python, which uses an approximation algorithm to find a short string that contains all the given strings as substrings.

The superstring function is implemented using an approximation algorithm. It iteratively finds the pair of strings with the maximum overlap and combines them by removing the overlapping part from the second string. This process continues until only one string remains, which is the superstring containing all the given strings as substrings. The find_overlap function calculates the length of the overlap between two strings, and the combine_strings function concatenates two strings using the specified overlap. The time complexity of the algorithm is O(n^3), where n is the number of strings in the input list.

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A new popular midsize car has a retail price of $20,000. The midsize car's value m(t) is given by the exponential model m of t is equal to 20,000 times the quantity four fifths to the power of t where t represents the time in years. Identify the domain, in yearly intervals, that contains all the years the car's value is less than $1,000.

Answers

The domain of the years in which the car's value is less than $1,000 is [16, ∞). The concept used to answer this question is exponential decay.

To find the domain of the years in which the car's value is less than $1,000, we need to find the value of t for which M(t) = 20,000(4/5)^t is less than $1,000. Exponential decay is a pattern of decrease where the rate of decrease is proportional to the current value.

We can start by isolating t in the equation:

M(t) = 20,000(4/5)^t < 1000

20,000(4/5)^t < 1000

(4/5)^t < (1000/20,000)

t < log(1000/20,000) / log(4/5)

t < log(1/20) / log(4/5)

t < -4.32

And then we need to round up to the nearest year, so we have:

t < -4

So the domain of the years in which the car's value is less than $1,000 is [16, ∞)

The complete question is:

A new popular midsize car has a retail price of $20,000. The midsize car's value M(t) is given by the exponential model M(t) = 20,000(4/5)^t where t represents the time in years. Identify the domain, in yearly intervals, that contains all the years the car's value is less than $1,000.

[13, ∞)

[14, ∞)

[15, ∞)

[16, ∞)

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Adjustment for accrued expense city realty co. Pays weekly salaries of $11,750 on monday for a six-day workweek ending the preceding saturday. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on friday. Round your answers to nearest whole dollar. If an amount box does not require an entry, leave it blank

Answers

the adjusting entry for salary expense and salary payable is $3,916 at weekly salaries of $11,750.

Calculation of accrued salaries:

The company pays weekly salaries of $11,750 for a six-day workweek, which means that daily salaries are $11,750/6 = $1,958.33. Since the accounting period ends on Friday, the company owes salaries for Saturday and Friday, which is 2 days x $1,958.33 = $3,916.66.

Salary expense refers to the amount of money a company pays to its employees in exchange for the services they provide. This includes not only the regular salary but also other forms of compensation such as bonuses, overtime pay, and benefits. It is an essential component of a company's operating expenses and is recorded on the income statement. Salary expense is often the largest expense for most companies, particularly those in labor-intensive industries. As such, managing salary expenses is critical to achieving profitability and ensuring the financial health of the business. Accurately tracking and budgeting for salary expenses can help a company to make informed decisions and improve overall performance.

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You have agreed to hire a new employee from England. Part of the hiring agreement is to pay for moving costs. If the agreement was 10% of their salary to cover costs of moving and they were hired at $65,000/year. If moving costs totaled $6,000, did the employee receive enough money to cover their moving costs

Answers

Answer:

Yes, the employee receives enough money to cover their moving costs.

Explanation:

The following are given in the question:

Annual salary = $65,000

Percentage of salary agreed to pay as moving costs = 10%

Total moving costs paid by the new employee = $6,000

From the above, we have:

Moving costs agreed by the employer to pay the new employee = Annual salary * Percentage of salary agreed to pay as moving costs = $65,000 * 10% = $6,500

Since the $6,500 moving costs agreed by the employer to pay the new employee is greater than the $6,000 total moving costs paid by the new employee, the employee therefore receives enough money to cover their moving costs.

what does contingent mean on a real estate listing

Answers

Answer:

Contingent means "depending on certain circumstances." If a house is listed as contingent in real estate it means that an offer has been made and accepted, but before the deal is complete some additional criteria must be met.

Explanation:

Hope this helps! (I just looked it up) Good luck!!

Flexible benefits plans, known as __________, enable employees to choose benefits best-suited to the employee's particular needs.

Answers

Flexible benefits plans, known as cafeteria plans, are an increasingly popular option for employers to offer their employees.

What is cafeteria plan?

These plans give employees the flexibility to select benefits that are most relevant to their individual circumstances, rather than a one-size-fits-all approach.

Cafeteria plans typically include a range of benefits, including health insurance, dental coverage, retirement savings plans, life insurance, and more.

By allowing employees to tailor their benefits package, employers can improve employee satisfaction, engagement, and retention.

Cafeteria plans are also an effective way for employers to manage costs, as employees pay for the benefits they choose, rather than the employer bearing the full cost of providing a fixed benefits package. 

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Evaluating an exponential function can say me steps by steps Suppose US and China are the only two countries in the world. Both countries can produce computer and wheat. The following table describes their maximum output per day. Use this table to answer the following question. Computer Wheat US 1,450 1,400 China 800 1,500 China's opportunity cost of wheat is _____ computer Pine Village city council proposes to construct new recreation fields. Construction will cost $319,463 and annual O\&M expenses are $76,674. The city council estimates that the value of added youth leagues is about $126,240 annually. In year 6 another $97,254 will be needed to refurbish the fields. The city council agrees to transform the ownership of the fields to a private company for $161,317 at the end of year 10. - If the MARR for the Pine Village city is 6\%, calculate the NPV of the new recreation fields project. Sheryl has 7 3/4 hours this weekend to work on her new video. She estimates it will take 2 1/2 hours to lip sync the new song and 2 2/3 hours to learn the new dance steps. How much time will she have left for her VTV interview? If the pure expectations theory completely describes the term structure of interest rates, then, on the average, the yield curve should be a. Flat. B. Upward sloping. C. Downward sloping ***50 POINTS+BRAINLEST*** What claim did Plessy make to the Louisiana State Supreme Court? How did his claim reflect on his argument that his Fourteenth Amendment rights were violated? Help me pls with showing work ill give brainliest What is the equation of the line in slope-intercept form inquizitive what was the basis of the supreme court ruling (smith v. allwright) that ended the white primary in texas? Pls help Ill brainlest find the value of -12.8-88.2 the words "understand," "know" and "appreciate" would be best suited for writing An advertising firm interested in determining how much to emphasise television advertising in a certain county decides to conduct a sample survey to establish the average number of hours each week that households within that county watch television. The county has two towns A and B and a rural area C. Town A is built around a factory and most households contain factory workers. Town B contains mainly retirees and rural area C are mainly farmers. There are 155 households in town A, 62 in town B and 93 in rural area C. The firm decides to select 20 households from town A, 8 households from town B and 12 households from rural area C. The results are given in the table below Town A 35,43,36,39,28,28,29,25,38,27,26 Town B 27,15,4,41,49,25,10,30 Rural area C 8,14,12,15,30,32,21,20,34,7,11,24 Estimate i) the overall mean of the estimator of the mean ___ii)the variance of the estimator of the total ___ What ideas were central to the colonists who supported the revolution As a US investor, you observe that the bid rate for the euro is $0.9587 and the ask rate for the euro is $1.0177. What is the bid/ask percentage spread? Submit your final answer as a percentage rounded to two decimal places (Ex. 0.00% ). Write a paragraph about the 1958 Jim Crow law list a few different ways you might redissolve the pbcl2 precipitate. where do the carbon atoms in the pyruvate end up following the krebs cycle? The common stock of Buildwell Conservation & Construction, Inc., has a beta of 0.90. The treasury bill rate is 4 percent and the market risk premium is expected to be 8 percent. BCCI has $400 mil debt paying a 5 percent yield, $100 mil in cash, and a market capitalization of $700 mil. The book value of BCCIs equity is $425 mil. BCCI has a 40% corporate tax rate. What is BCCIs WACC?