The actual cost of direct materials is $43.25 per pound. The standard cost per pound is $60.00. During the current period, 7,300 pounds were used in production. The standard quantity for actual units produced is 7,200 pounds. How much is the direct materials price variance? O A. $120,600 favorable OB. $122,275 favorable OC. $120,600 unfavorable OD. $122,275 unfavorable Coyne Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $33,000 to purchase equipment. The equipment will have a residual value at the end of its life of $2,000. The useful life of the equipment is 6 years. The new project is expected to generate additional net cash inflows of $21,000 per year for each of the six years. Coyne's required rate of return is 10%. The net present value of this project is closest to: (Click the icon to view the present value of $1 table.) (Click the icon to view the present value of annuity of $1 table.) O A. $73,971. O B. $34,107 O C. $59,583. OD. $58,455. Matthew Corporation is adding a new product line that will require an investment of $138,000. The product line is estimated to generate cash inflows of $25,000 the first year, $23,000 the second year, and $18,000 each year thereafter for ten more years. What is the payback period? O A. 7.78 years O B. 7.38 years O C. 5.92 years OD. 7 years