Anderson Systems is considering a project that has the following cash flow and WACC data. What is the project's NPV? Note that i
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Answer:
5 cats, 1 fish and 94 birds
Step-by-step explanation:
Let
- c be the number of cats;
- b be the number of birds;
- f be the number of fish.
A kid bought 100 toy animals, then
If a cat costs $10.00, then c cats cost $10c.
If a fish costs $3.00, then f fish cost $3f.
If a bird costs $0.50, then b birds cost $0.5b.
In total,
We get the system of two equations:
From the first equation:
Substitute it into the second equation:
Number f must be a whole number greater than 0, so
Number c must be a multiple of 5, thus the only possible value for c is 5.
When c = 5, then