3 Assignment Questions: Q1. Identify the key financial decisions facing the financial manager of any business firm and Explain the meaning of each decision? (1 mark) Q2. What can happen if a firm is poorly managed? (1 mark) Q3. If the expected inflation rate is 10 percent and the real rate of interest is 4 percent: a. Compute the nominal rate of interest. (Hint: use equation 2.1) (0.5 mark) b. Briefly differentiate between the nominal and the real rates of interest. (0.5 mark) Q4. Nimitz Rental Company provided the following information to its auditors. For the year ended March 31, 2011, the company had revenues of $878,412, general and administrative expenses of $352,666, depreciation expenses of $131,455, leasing expenses of $108,195, and interest expenses equal to $78,122. If the company's tax rate was 34 percent, what is its net income after taxes? (1 mark)