12 mternal rate of return is lower than the fires desires. Which one of the following changes to te pmojecrf mould be most expected to increase the project's intemal rate off retu 12) Telder Mfining has analyzed a proposed expansion projext and desermined that the Aj E Timinacing the sahape value s Decreasing the required discount a C Decreasing the amount of the final cash infow ing the initial investment in fised assets D Condensing the firm's cash inflows into fewer years without kowering the total amount of those inflows 13) 23) An agent who maintains an inventory from which he or she buys and sells securities is called a: A) principal B) trader c) dealer Dy broker g) capitalist 4)A prjact has cash lows of-$161,900, $60,800, $62.300, and $75,000 for Years 0t0 3, respectively. The required rate of return is 13 percent. Based on the internal rate of return of percent for this project. you shouldthe project 9.67,awep )9.67, reject C) 11.67: accept D) 10.41; reject E 10.41; accep 15) Preferred stock may have all of the follow ing characteristics in common with bonds with 15)A the exception of: A) annuity payments B) tax-deductible payments C) a possible conversion option into common stock Dj a fixed liquidation value. E) the lack of voting rights 16) Which one of the following transactions occurs in the primary market? 16) A) Gift of 100 outstanding shares to a charitable organization B) Purchase of 500 shares of GE stock from a current shareholder C) A purchase of newly issued stock from the issuer D) Gift of 200 shares of stock by a mother to her daughter E) IBM's purchase of GE stock from a dealer