Houghton Chemicals, which started operations one year ago, has two divisions: Alloys and Petro. Both...
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Houghton Chemicals, which started operations one year ago, has two divisions: Alloys and Petro. Both divisions invest heavily in R&D which is assumed to generate benefits for five years. R&D spending is made uniformly throughout the year. Houghton Chemicals has a cost of capital of percent. Selected financial information for the two divisions in thousands of dollars for the year just completed follows:
tableAlloys,PetroSales revenue,$$
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