1. All esle equal, a normal stock split or a stock dividend   

A results in a significant increase in the per share price of the stock

B reduces the profits earned by a firm

C increases teh number of shares of stock outstanding

D should not be recognized on the balance sheet of a corporation

E increases the dividend per share

2. Management of Franklin Mints, a confectioner, is considering purchasing a new jelly bean-making machine at a cost of $278,007. They project that the cash flows from this investment will be $103,600 for the next seven years. If the appropriate discount rate is 14 percent, what is the IRR that Franklin Mints management can expect on this project?