a)

b)

A stock split and/or a stock dividend will result in an: increase in both the number of shares outstanding and the total assets of the firm. O increase in the market value of the firm. increase in the total assets of the firm. O increase in the number of shares outstanding. Daily Enterprises is purchasing a $6,000,000 machine. The machine will be depreciated using straight-line depreciation over its 6-year life and will have no salvage value. The only costs are fixed costs of $2,000,000 per year. What is the net present value break-even level of sales revenue if the tax rate is 40 percent and the discount rate is 10 percent? $3,000,000 $3,629,407 $4,296,074 $5,296,074