6. Lawaki currently sells bula sulu and bula shirts. Lawaki is considering adding bula pants to his range. The bula pants sell for $27 each and he expects to sell 7500 units per year. By adding the bula pants, Lawaki feels that he will sell an additional 800 bula sulu at $30 a pair and 300 fewer bula shirts at $12 each. The variable cost per unit is $14 on the bula sulus, $4.50 on the bula shirts and $16 on the pants. The incremental annual depreciation expense related to the bula pants is $21000 and the incremental annual fixed costs related to the bula pants are $34000. The tax rate is 27%. What is the project's operating cash flow? A. $45 012.50 B. $54 612.50 C. $48776.50 D. $62 212.50 7. The efficient markets hypothesis (EMH): A. acknowledges that some fairly sizeable inefficiencies will exist even in efficient markets, but only over the long-term. B. argues that markets which fluctuate noticeably from one day to the next cannot be efficient. C. suggests that an efficient market incorporates only about 90% of all public information into the market prices. D. advocates that all investments in an efficient market have a net present value of zero