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You’ve borrowed $3,538.87 and agreed to pay back the loan with monthly payments of $180. Assume the interest rate is 12% stated as an APR.
a. How long will it take you to pay back the loan? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
Number of months
b. What is the effective annual rate on the loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Effective annual rate %
Find Internal Rate of Return. Initial outlay is $469,000. The project will produce the following after tax cash inflow
In a financial decision, what is meant by the statement “Relevant Cash Flows”? How do you assure cash flows are relevant?
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Screenshot, Inc., just paid a dividend of $3.72 per share on its stock. The dividends are expected to grow at a constant rate of 3.6 percent per year, indefinitely. Assume investors require an 14.4 percent return on this stock. What is the expected p..
Zippy Corporation just purchased computing equipment for $28,000. The equipment will be depreciated using a five-year MACRS depreciation schedule. If the equipment is sold at the end of its fourth year for $12,000, what are the after-tax proceeds fro..
A 25-year maturity bond with face value of $1,000 makes semiannual coupon payments and has a coupon rate of 8%. What is the bond's yield to maturity if the bond is selling for $1,090? What is the bond's yield to maturity if the bond is selling for $1..
Lamar Lumber Company has sales of $11 million per year, all on credit terms calling for payment within 30 days; and its accounts receivable are $1.65 million. What would DSO be if all customers paid on time? How much capital would be released if Lama..
Big Sky Hospital plans to obtain a new MRI that costs $2.5 million and has an estimated four-year useful life. It can obtain a bank loan for the entire amount and buy the MRI or it can lease the equipment. What are the NAL and IRR of the lease? Inter..
Max Inc. has provided the following data from its activity-based system: The activity rate for the designing products activity cost pool is
A proposed new investment has projected sales of $830,000. Variable costs are 55 percent of sales, and fixed costs are $187,200; depreciation is $93,500. Assume a tax rate of 40 percent. What is the projected net income?
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