Noah Yobs, age 55, who has $63,400 of AGI (solely from wages) before considering rental activities, has $57,060 of losses from a real estate rental activity in which he actively participates. He also actively participates in another real estate rental activity from which he has $31,700 of income. He has other passive activity income of $20,288. Required:
What amount of rental loss can be used to offset active or portfolio income?

Miami incorporated estimates that its retained earnings break point (bpre) is $21 million, and its wacc is 13.40 percent if common equity comes from retained earnings. however, if the company issues new stock to raise new common equity, it estimates that its wacc will rise to 13.88 percent. the company is considering the following investment projects: project size irr a $4 million 14.00% b 5 million 15.10 c 4 million 16.20 d 6 million 14.20 e 1 million 13.42 f 6 million 13.75 what is the firm's optimal capital budget?