Answer with side explanations please.

Voice 1. All other things equal, a firm's cash balance will increase if it has: a. A decrease in current liabilities b. A decrease in equity C. A decrease in current assets d. An increase in fixed assets 2. Your firm currently has long-term debt selling for 104.50% of its face value. The issue matures in 10 years and pays an annual coupon of 8 percent. What is firm's before tax cost of debt? (Solve with work) 3. A firm has an inventory period of 53 days, and accounts receivables period of 32 days, and an accounts payable period of 47 days. What is the cash cycle of the firm? a 132 days b. 38 days c. 68 days d. 26 days 4. A firm has an average receivables turnover of 7.00 and it factors all receivables immediately at a 2 percent discount. What is the effective annual rate of factoring for the firm? a. 13.19% b. 14.00% c. 14.87% d. 15 19% 5. The current price of a stock is $60, and the annual risk-free rate is 6%, A call option on the stock which expires in one year has an exercise price of $65, the call option is currently valued in the market at $9.00. What would be the value of a put option with the same exercise price and expiration date? a. $7.50 b. $8.82 C. $9.92 d. $10.22