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M公司目前拥有资金6 000万元,其中,长期借款2 400万元,年利率10%;普通股 3600万元,上年支付每股股利2元,预计以后各年股利增长率为5%,股票发行价格20元,目前价格也为20元。 M公司为生产A产品,急需购置一台价值为2 000万元的W型设备,该设备购入后即可投入生产使用。预计使用年限为4年,预计净残值率为1%。按年限平均法计提折旧。 经测算,A产品的单位变动成本(包括销售税金)为600元,边际贡献率为40%,固定成本总额为1 250万元,A产品投产后每年可实现销售量4万件。 为购置该设备,M公司计划再筹集资金2 000万元,有两种筹资方案: 方案甲:增加长期借款2000万元,借款利率为12%,筹资后股价下降到18元,不考虑筹资费用,其他条件不变。 方案乙:增发普通股80万股,普通股市价上升到每股25元,其他条件不变。 已知当年限为4年、年利率为10%时,1元的复利现值系数和终值系数分别为0.683和 1.464,1元的年金现值系数和终值系数分别为3.17和4.641。企业所得税税率为25%。 根据上述资料,回答下列各题: 若资金成本为10%,则M公司购置W型设备这一投资项目的净现值为()万元。

A. 414.935
B. 401.275
C. 747.785
D. 845.785

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Priscilla Ouchida’s "energy efficient" house turned out to be a horrible dream. When she and her engineer husband married a few years ago, they built a $100,000, three-bedroom home in California. Tightly sealed to prevent air leaks, the house was equipped with small double paned (双层玻璃的) windows and several other energy saving features. Problems began as soon as the couple moved in, however. Priscilla’s eyes burned. Her throat was constantly dry. She suffered from headaches and could hardly sleep. It was as though she had suddenly developed a strange illness. Experts finally traced the cause of her illness. The level of formaldehyde (甲醛) gas in her kitchen was twice the maximum allowed by federal standards for chemical workers. The source of the gas Her new kitchen cabinets and wall to wall carpeting. The Ouchidas are victims of indoor air pollution, which is not given sufficient attention partly because of the nation’s drive to save energy. The problem itself isn’t new. "The indoor environment was dirty long before energy conservation came along. " says Moschandreas, a pollution scientist at Geomet Technologies in Maryland. "Energy conservation has tended to accentuate the situation in some cases. " The problem appears to be more troublesome in newly constructed homes rather than old ones. Back in the days when energy was cheap, home builders didn’t worry much about unsealed cracks. Because of such leaks, the air in an average home was replaced by fresh outdoor air about once an hour. As a result, the pollutants generated in most households seldom built up to dangerous levels. This passage is most probably taken from an article entitled "______".

A. Energy Conservation
B. House Building Crisis
C. Air Pollution Indoors
D. Traps in Building Construction

理财顾问服务涉及的内容非常广泛,要求能够兼顾客户财务的各个方面,这个体现了理财顾问服务的专业性。( )

A. 对
B. 错

Is Your Child’s Stomach Pain All in His Head We all know there are times that kids seem to complain (51) a stomach ache to get out of chores or going to school. Don’t be so sure that the pain they (52) is all in their minds. We’re learning more now about a condition (53) "functional abdominal pain" that is experienced by millions of kids every day. Like many teenagers, Kyle Brust makes it a point to do his homework: as (54) as he gets home. Unlike most, Kyle often did his with a terrible stomach ache. In fact, the (55) often started while he was at school, but getting help there was getting harder. "Some of my teachers wouldn’t let me go, because I’d asked so many times before and they thought I was trying to get out of (56) ." says Kyle. Kyle’s mom Marilyn says she couldn’t blame the (57) . After all, she’d taken him to the doctor several times herself, and even they couldn’t find anything (58) . "You know, you’re running the tests and nothing’s coming up. So, is it in his head, is he just an extremely stressful child It’s just frustrating (59) we’re not finding any answers. " says Marilyn. It turns out Kyle was suffering from a condition known (60) functional abdominal pain, that affects as many as one out of every ten kids in this country. Even (61) the cause of the pain may not be obvious, there are real consequences. "It really does hurt, and these kids really do suffer. " says Dr. Campo, MD at Nationwide Children’s Hospital. To help (62) , Campo is looking into a new approach. He’s conducting clinical trials of an antidepressant that changes the way the body handles a chemical called serotonin. In a preliminary study, Dr. Campo found that in about eight out of ten (63) , the drug normally used to treat emotional pain worked to ease the pain in the (64) . "We think about it as being important in anxiety and depression and that’s all quite true, but what’s really interesting is that 95% of our body’s serotonin is in our gut. " says Campo. Campo believes these kids have extremely sensitive intestines, and controlling the effects of serotonin may (65) ease the pain. It seemed to .work for Kyle, who is now completely pain free for the first time in years.

A. stopped
B. created
C. called
D. mentioned

Dogs are social animals and without proper training, they will behave like wild animals. They will spoil your house, destroy your belongings, bark excessively, fight other dogs and even bite you. Nearly all behavior problems are perfectly normal dog activities that occur at the wrong time or place or are directed at the wrong thing. The key to preventing or treating behavior problems is that we learn to teach the dog to redirect its normal behavior to outlets that are acceptable in the domestic setting. One of the best things you can do for your dog and yourself is to obedience train (驯服) it. Obedience training doesn’t solve all behavior problems, but it is the foundation for solving just about any problem. Training opens up a line of communication between you and your dog. Effective communication is necessary to instruct your dog about what you want it to do. Training is also an easy way to establish the social rank order. When your dog obeys a simple request of "come here, sit," it is showing obedience and respect for you. It is not necessary to establish yourself as top dog or leader of the dog pack (群) by using extreme measures. You can teach your dog its subordinate (从属的) role by teaching it to show submission to you. Most dogs love performing tricks for you to pleasantly accept that you are in charge. Training should be fun and rewarding for you and your dog. It can enrich your relationship and make living together more enjoyable. A well trained dog is more confident and can more safely be allowed a greater amount of freedom than an untrained animal. Why do pet dogs love performing tricks for their masters

A. To avoid being punished.
B. To show their affection for their masters.
C. To win leadership of the dog pack.
D. To show their willingness to obey.

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