1. After developing the iPhone, Apple also developed iPhone
accessories such as a shield case, charger, car mounts, etc. Thus,
the iPhone serves as a _____________ “side-effect” or externality
since the sale of the iPhone will likely lead to benefits or more
cash flow to these other accessories.
Select one:
A. Positive
B. Negative
2. A project has cash flows of –$78,400, $22,500, $37,300, and
$53,200 for Years 0 to 3, respectively. The required rate of return
is 4 percent....