Homework help. Please give solutions to number 4 and 5 :) Thanks!!

1. In most corporations, the CFO ranks under the CEO.

A. True B. False

My answer is true -- IS THIS CORRECT? If not, please explain why.

2. A disadvantage of the corporate form of organization is that corporate stockholders are more exposed to personal liabilities in the event of bankruptcy than are investors in a typical partnership.

A. True B. False

My answer is false -- IS THIS CORRECT? If not, please explain why.

3. In order to maximize its shareholders' value, a firm's management must attempt to maximize the expected EPS.

My answer is true -- IS THIS CORRECT? If not, please explain why.

4.Last year Almazan Software reported $10.50 million of sales, $6.25 million of operating costs other than depreciation, and $1.30 million of depreciation. The company had $5.00 million of bonds that carry a 6.5% interest rate, and its federal-plus-state income tax rate was 35%. This year's data are expected to remain unchanged except for one item, depreciation, which is expected to increase by $0.70 million. By how much will net income change as a result of the change in depreciation? The company uses the same depreciation calculations for tax and stockholder reporting purposes.

A. -$0.432 B. -$0.455 C. -$0.478 D. -$0.502 E. -$0.527

I don't know the answer please help :(

5. Kwok Enterprises has the following income statement. How much after-tax operating income does the firm have?

Sales $2,250

Costs 1,400

Depreciation 250

EBIT $ 600

Interest expense 70

EBT $ 530

Taxes (40%) 212

Net income $ 318

A. $325 B. $342 C.$360 D. $378 E. $397

Please help me with the answer by supplying the solution :( Thank you so much :)