A firm is reviewing a project with labor cost of $7.20 per unit, raw materials cost of $23.45 a unit, and fixed costs of $16,000 a month. Sales are projected at 9,200 units over the 3-month life of the project. What are the total variable costs of the project?

	$281,980
	$265,980
	$215,740
	$297,980
	$148,990

The common stock of Flavorful Teas has an expected return of 16.80 percent. The return on the market is 10 percent and the risk-free rate of return is 3.2 percent. What is the beta of this stock?

	1.00
	0.50
	4.30
	2.00
	1.90

Changes in the net working capital requirements:

	only affect the cash flow at time zero and the final year of a project.
	reflect only the changes in the current asset accounts.
	can affect the cash flows of a project every year of the project's life.
	only affect the initial cash flows of a project.
	are generally excluded from project analysis due to their irrelevance to the total project.