When managers become overly focused on making acquisitions, it is Question 22 options: because it provides more excitement than running the company on a daily basis because the skills of top executives are better used in major corporate decisions than in daily organization operations because acquisitions improve financial performance because competitors have already made similar moves

Laws corporation is considering the purchase of a machine costing $16,000. estimated cash savings from using the new machine are $4,120 per year. the machine will have no salvage value at the end of its useful life of six years and the required rate of return for laws corporation is 12%. the machine's internal rate of return is closest to (ignore income taxes) (a) 12% (b) 14% (c) 16% (d) 18%