Please show the calculations so that I can learn from it.

The following Information relates to Questions 31 and 32

ABC Bank has a simple balance sheet as below;

Rate-sensitive Assets of $40 million and liabilities of $50 million

Fixed - rate Assets of $60 million and Liabilities of $50 million

31.If interest rates rise by 5%, then bank profits (measured using basic gap analysis) will

____

A)Decline by $0.5 million

B)Decline by $1.5 million

C)Decline by $2.0 million

D)Decline by $2.5 million

Hint:NII_t= (IS Gap_t) R

32.Assume that the average duration of the bank's assets is 4 years, while the average duration of its liabilities is 3 years.Suddenly, there is a 5% up in interest.Such a shock to interest rates will cause the net worth of the bank to ____ by ____ of the total original asset value.

____

A)Decline; 5%

B)Decline; 10%

C)Decline; 15%

D)Increase; 20%

Please show the calculations so that I can learn from it.

How much is the value of a startup for which the entrepreneur puts in $2 million and a venture capitalist invests $ 6 million of seed money owning 60% interest in the Firm?

A) $6 million

B) $8 million

C) $10 million

D) $12 million