Eddie is evaluating a new change in the production process, as he has grown disillusioned by feng shui. Eddie has avoided renting out part of the warehouse for $$20,233$ a year because the consultant

had urged Eddie, in order to optimize the feng shui of the area not to$,$ setting up the equipment in a certain way. He is considering another piece of equipment to replace the one described above. IF

Eddie decides to replace the current equipment he can rent out part of the space currently housing the equipment for the $$20,233.$ How would you incorporate that information into the analysis?

$($indicate whether it is a sunk cost or an opportunity cost, or something else, and whether this would increase or decrease the annual cash flows, and finally HOW$/$Where you would include it in your

analysis?$)$

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What is the bond quote for a $$1,000$ face value bond with an $8\mathrm{.}5$ percent coupon rate $($paid semiannually$)$ and a required return of $8$

percent if the bond is $6\mathrm{.}48574,8\mathrm{.}47148,10\mathrm{.}519,$ and $14\mathrm{.}87875$ years from maturity?

Note: Do not round intermediate calculations. Round your percentage answers to $3$ decimal places $($e$.$g$.,32\mathrm{.}161).$