Which is the beta of the following portfolio? 1.13 1.15 1.17 1.21 1.23 Which of the following is NO T considered a relevant, incremental cash flow in capital budgeting analysis? Opportunity costs Erosion costs Additions to net working capital Sunk costs Fixed asset salvage values A project has an annual operating cash flow of $45,000. Initially, this four-year project required $3, 800 in net working capital, which is recoverable when the project end s./lie firm also spent $21, 500 on equipment to start the project. The equipment will have a book value of $4, 300 at the end of year 4. What is the flow for year 4 of the project if the equipment can be sold for $5, 400 and the rate is 34 percent? $51, 724 $52, 038 $53, 826 $53, 862 $53, 900