Question 28 12.5 points Save Answer How much would you have to invest today in the bank at an interest rate of 8% to have an annuity of $8,000 per year for 8 years, with nothing left in the bank at the end of the 8 years? Select the amount below that is closest to your answer. (ignore income taxes) Use the selections from the present value tables below: Present Value of $1 Present Value of an Annuity of $1 Period Period 0.855 0.731 0.534 0.681 0.540 0.292 3.6303.312 6.7335.747 16 16 11.652 8.851 All answers are rounded to the nearest dollar. A545.976 8.570.800 C 52336 0.5.320 Question 27 12.5 poin At an interest rate of 14%, approximately how much would you need to invest today if you wanted to have $1,500,000 in 10 Years? Use the selections from the present value tables below: Present Value of an Annuity of $1 Present Value of $1 Period 29 144 5 0 .713 0.519 Period 7 % 14% 5 10 10 0.508 0.270 7 4.100 ,024 10.594 3.433 5.216 6,623 20 0.258 0.073 20 All answers are rounded to the nearest dollar. A $226,483 $109.500 5405.000 D. 5287,577 Question 16 Roof Industries is a division of a major corporation. Last year the division had total sales of $12,000,000; net operating income of $2,400,000; and average operating assets of 54.800.000 Question 1. The division's margin is closest to? Question 2. The division's turnover is closest to? Question 3. The division's return on investment (ROI) is closest to Question 1 Answers: Select 20% margin 40% margin 50% margin 500% margin Question 2 Answers: Select One 0.5 times 2.0 times 2.5 times 5.0 times Question 3 Answers: Select One Moving to another question will save this response