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A is a finite non-empty set. The domain for relation R is the power set of A . (Recall that the power set of A is the set of all subsets of A .) For X ⊆ A and Y ⊆ A , X is related to Y if X and Y have the same cardinality (i.e., | X | = | Y | ). Select the description that accurately describes relation R .

Maxwell Corporation currently has a capital structure made entirely of equity with total invested capital of $8 million made up of 100,000 shares of common stock. They are considering issuing new debt to replace some of this equity. Maxwell currently has a beta of 2.1, and is considering replacing either $2 million in equity or $4 million in equity with new debt. Maxwell’s current corporate tax rate is 30%. The interest rate (rd) on $2 million of debt is 8%. The interest rate (rd) on $4 million in debt is 15%. The risk-free rate is 3% and the required return on the market is 14%. Maxwell has an EBIT of $3 million this year. Assume Maxwell has a payout ratio of 35% regardless of its capital structure and that their growth rate in earnings is 5% annually.   a. What will be Maxwell’s new levered beta if it replaces $4 million in equity with debt?   b. What will be Maxwell’s weighted average cost of capital (WACC) if it utilizes $4 million in debt?   c. What would be Maxwell’s earnings per share (EPS) if it issued $4 million in debt?   d. Assuming g=5%, what would be Maxwell’s stock price per share if it issued $4 million in debt? (Assume Maxwell just paid a dividend based on their current year earnings)

The first step in responding to both constructive and destructive criticism is to _______________.

Austin Manufacturing is considering three independent projects that each require an initial investment of $1 million. The estimated internal rate of return (IRR) and cost of capital for these projects are presented here:   Project 1:  cost of capital = 13%, IRR = 16% Project 2: cost of capital = 10%, IRR = 11% Project 3: cost of capital = 16%, IRR = 20%   Assume that Austin Manufacturing only pursues positive net present value projects. The company’s optimal capital structure calls for 45% equity.  Austin expects to have net income of $2,000,000.   a. If Austin establishes its dividend from the residual dividend model, what will be its payout ratio?   b. What would be the payout ratio if net income were only $1,500,000?

Listing all possible options is the _______________ step in the decision-making process.

The key to visualization is focusing on _______________.

Positive thinkers are healthier than negative thinkers because _______________.

The person you want to be or feel you ought to be is known as your _______________.

It doesn’t matter how many times you have failed in the past. It only matters that _______________.

Self-defeating attitudes are based on _______________.