From the list below determine how much is the net operating working capital (NOWC): Cash $400 Capital 5,000 Accounts Payable 40 Accounts Receivable 30 Sales 2.000 Tax Payable 120 Salaries Payable 65 Salaries Expense 1,000 Inventory 50 44 Dividends Select one: a. $440 O b. $181 O c. $255 O d. $375 ABC Company needs $2 million for buying a new heavy-duty equipment. How much can be paid out as dividends if net income is $1,550,000 and target capital structure D/E = 1/3? Select one: O a. $75,000 b. $45,000 c. $50,000 d. $60,000 Assume you think a boom and a recession are equally likely to happen, a 50-50 chance of either. State of Economy Probability of Security Returns if State State of Occurs Economy Security L Security Recession 0.50 -20% 30% Boom 0.50 70% 10% Based on the above information, what is expected return on stock L? Select one: a. 18% b. 22% c. 25% d. 20%