Martin and Miller is considering a project that requires $360,000 of fixed assets that are classified as 7-year property for MARCS. What is the book value of these assets at the end year 3?

Year	1	2	3	4	5	6	7	8
Percent	14.29	24.49	17.49	12.49	8.93	8.93	8.93	4.45

A. $112,464

B. $157,428

C. $162,309

D. $189,228

E. $220,392

_____________

If the securities market are only weak form efficient, then the price of a stock will:

A. react to new information over a couple of weeks

B. react slowly to new information concerning the future outlook of the firm

C. tend to overreact to new information concerning the future plans of the firm

D. be based solely on historical information

E. totally reflect the true value of the firm