Question: 2 & 4 please 2. Consider a cash flow stream of $4,000 each year for the next 4 years. If the APR is 6.5%, compounded
2. Consider a cash flow stream of $4,000 each year for the next 4 years. If the APR is 6.5%, compounded monthly, what is the present value? a. $18,421 b. $13,642 c. $15,429 d. $13,703 3. What is the appropriate goal of the firm? a. Maximize EPS b. Maximize Sales C. Maximize Shareholder Wealth d. Maximize Executive Profits 4. Kurt's Kite Company, Inc. had Net Income of $640,000 last year. They have interest expense of $76,000 and a tax rate of 21%. The firm did not have any deprecation during the year. If the firm bought $129,000 worth of fixed assets and did not sell any. The firm has CFFA of $570,300. If their current NWC is $78,000, how much was last year NWC? a. $32,889 b. $45,615 c. $61,300 d. $41,892
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