1. The Flair Furniture Company produces inexpensive tables and chairs. The production process for each
is similar in that both require a certain number of Labour hours in the carpentry department, and a certain
number of labour hours in the painting depar
Blue Waters Company is considering starting a new line of business. The company has
decided to use a cost of capital of 11 % in assessing the viability of the new business line.
Blue Waters has also decided to use a 6 year planning horizon, which coincide