21) Marine Enterprises is preparinis a pro forma statement for next year, It estimates sales at 13,440 units with a selling price of $43.00. Variable costs are estimated at $21 a unit. $868,000 of foxed assets is being depreciated straight-line to zero over seven years. Annual fixed costs are $104,660 and annual interest payments are $11,050. The tax rate is 35%. The net income is and the operating cash flow is. A) $38,453;$178.225 B) $27,808,$132,461 C) $29,987;$140,462 D) $32,777;$156,529 E) $36,381;$171,431 F) None of the above 22) What are the arithmetic and geometric average retums for a stock with annual returns of 36%,4%, 48%,33%, and 6% ? A) 7.60%;21.80% B) 9.80%;8.80% C) 8.20%;4.25% D) 11.40%;8.80% E) 6.20%;3.69 F) None of the above 23) If a stock is purchased for $43.75 one year ago, and today it is sold for $46.50, and the stock paid a total of $1.40 in dividends over the year, what is the capital gains yield for the stock? A) 528% B) 239% D) 4.53% ) 5.96% ) None of the above