Multiple Choice
The consulting firm of Howe and Biggs is currently conducting a large consulting assignment for Spaeth Industries. Howe has calculated that the financial holding costs of this 3-month project are $6,000. If the project will use $600,000 in supplies, labor, and overhead, Howe's cost of capital must be:
A) 4%
B) 8%
C) 12%
D) None of these
Correct Answer:
Verified
Correct Answer:
Verified
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