Explicit cost of capital is that cut off rate which equates present value of cash inflows to present value of cash outflows. In other words, it is nothing but internal rate of return.
Who Sang Life Is a Highway. âLife Is a Highwayâ is a popular song written and sung by musician Tom Cochrane. It was recorded in 1990 and released in 1991 on the album âMad Mad World.â It was Cochraneâs most famous song and it reached number 6 on the Hot 100 chart in the United States and number 1 on the Canadian Singles Chart.
This song first appeared on John Denver's 1971 album Poems, Prayers & Promises. Denver was a struggling singer/songwriter at the time who was enjoying his first solo hit  Take Me Home Country Roads , which was released a few months before the album and was climbing the charts.