2. After graduation, you plan to work for 10 years and then visit Australia. You expect to save $1,000 a year for the first 5 years and $2,000 annually for the next 5 years. These savings cash flows will start in one year. In addition, your family has just given you a $5,000 graduation gift. If your gift and all future contributions are put into an account that pays 8% compounded annually, what will your financial "stake" be when you leave for Australia 10 years from now? (1) $21,432$28,393$16,651$21,148$31,148 3. Which of the following statements is CORRECT? One of the advantages of the corporate form of organization is that it avoids double taxation. It is easier to transfer one's ownership interest in a partnership than in a corporation. One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability. One of the advantages of a corporation from a social standpoint is that every stockholder has equal voting rights, i.e., "one person, one vote." Corporations of all types are subject to the corporate income tax