Charles is a single person, age 35, with no dependents. in 2019, charles has gross income of $75,000 from his sole proprietorship. charles also incurs $80,000 of deductible business expenses in connection with his proprietorship. he has interest and dividend income of $22,000. charles has $7,000 of itemized deductions. charles's taxable income is
a) $6, 650.
b) $17,000.
c) $12, 950.
d) $10, 700.

Lambert manufacturing has $100,000 to invest in either project a or project b. the following data are available on these projects (ignore income taxes.): project a project b cost of equipment needed now $100,000 $60,000 working capital investment needed now - $40,000 annual cash operating inflows $40,000 $35,000 salvage value of equipment in 6 years $10,000 - both projects will have a useful life of 6 years and the total cost approach to net present value analysis. at the end of 6 years, the working capital investment will be released for use elsewhere. lambert's required rate of return is 14%. the net present value of project b is: