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Electricals has borrowed $38,200 from its bank at an annual rate of 5.1 percent. It plans to lon in ght equal installments,starting at the end of next year. What is its annual loan 47. Jackson payy repay payment? a) $7,773.92 b) $6,883.77 c) $6,824.43 d) $5,934.29 48. Using higher discount rates will a) not affect the present value of the future cash flow b) decrease the present value of any future cash flow c) increase the present value of any future cash flow d) None of the above. 49. Trekkers Footwear bought a piece of machinery on January 1, 2008 at a cost of $2.2 million, and the machinery is being depreciated annually at an amount of $220,000 per year for 10 years. Its market value on December 31, 2016 is $1.54 million. The firm's accountant is preparing its financial statement for the fiscal year end on December 31, 2016. The asset should be recognized on the balance sheet at what value? a) $150,000. b) $220,000. c) $240,000 d) $660,000. Trident Corp, has debt of $2.35 million with an interest rate of 6.7 percent. The company has an EBIT of $1,245,500. What is its times interest earned? S0. a) 7.91 times b) 823 times c) 1.89 times d) 9.10 times 10