Harry, hermione, and ron formed an s corporation called bumblebore. harry and hermione both contributed cash of $38,600 to get things started. ron was a bit short on cash but had a parcel of land valued at $93,900 (basis of $77,200) that he decided to contribute. the land was encumbered by a $55,300 mortgage. what tax bases will each of the three have in his or her stock of bumblebore?

Suppose your firm is considering investing in a project with the cash flows shown as follows, that the required rate of return on projects of this risk class is 10 percent, and that the maximum allowable payback and discounted payback statistics for the project are three and a half and four and a half years, respectively. use the irr decision to evaluate this project; should it be accepted or rejected