Engineering Economics
A investor wishes to earn 7% on his capital after payment of taxes. If the income from an available investment will be taxed at an average rate of 42%, what minimum rate of return, before payment of taxes, must the investment offer to be justified?

0.1287
0.1234
0.1207
0.1267

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Engineering Economics
The key to profitable operation for project cost control, is:

To keep the project cost equal to original cost estimate
None of these
To keep the project cost within the cost budget and knowing when and where job costs are deviating
To keep the project cost equal to subsequent construction budget

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