Q1 Cumulative voting is the procedure whereby a shareholder:

A may cast all of his or her votes for one candidate for the board of directors.

B casts one vote per share of stock owned for each open position on the board of directors.

C can revote until a majority of the votes are cast for one candidate for each seat on the board of directors.

D who owns preferred stock can cast his or her votes for candidates for the board of directors.

E can authorize another party to vote on his or her behalf.

Q2 :

What is the net present value under the best-case scenario?

1. -$11,664
2. -$7,946
3. $7,946
4. $11,665
5. $37,946

Magellen Industries is analyzing a new project. The data they have gathered to date is as follows: Initial requirement for equipment: $120,000 Depreciation: Straight-line to zero over the four-year life of the project with no salvage value. Required rate of return: 15% Marginal tax rate: 35%