0 Arvo Corporation is trying to choose between three alternative investments. The three securities that the company is considering are as follows: Tax-free municipal bonds with a return of 9.20%. Wooli Corporation bonds with a return of 11.40%. CFI Corp. preferred stock with a return of 10.20%. The company's tax rate is 25.00%. What is the after-tax return on the best investment alternative? Assume a 50.00% dividend exclusion for taxes on dividend (Round your final answer to 3 decimal places.) O a.8.925% b. 8.550% Oc9.975% d. 9.200% e. 7.650 %) Olen Key ng 2023 O The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets Cash and securities 0 Accounts receivable Inventories 0 Total current assets ONet plant and equipment Total assets O Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes (25%) Net income 2021 $ 5,400 15,000 15,600 $ 36,000 24,000 $ 60,000 $ 23,120 10,880. 5,000. $ 39,000 9,000 $ 48,000 3,600 8,400 $ 12,000 $ 60,000 2021 $120,000 111.600 1,920 $ 6,480 840 $ 5,640 1,410 $ 4,230 Other data: Shares outstanding (millions)) 500.00 C TULa fiduues and equity Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes (25%) Net income 00,000 2021 $120,000 111,600 1,920 $ 6,480 8401 $ 5,640 1,410 $ 4,230 Other data: Shares outstanding (millions) Common dividends (millions of $) L-T bonds Int. rate on notes payable & Federal plus state income tax rate Year-end stock price 500.00 $1,480.50 6% 25% $101,52 What is the firm's days sales outstanding? Assume a 365-day year for this calculation. Do not round your intermediate calculations. O a. 70.32 days O b.33.09 days Oc 45.63 days Od. 109.50 days Oe. 62.05 days MC.03.084.Algo Question 14 of 25 Emery Mining Inc. recently reported $160,000 of sales, $63,000 of operating costs other than depreciation, and $8,100 of depreciation. The company had $16,500 of outstanding bonds that carry a 7.25% interest rate, and its federal-plus-state income tax rate was 25%. How much was the firm's net income? The firm uses the same depreciation expense for tax and stockholder reporting purposes. (Round your intermediate and final answers to two decimal places.) a. $66,675.00 b. $87,703.75 Oc. $65,777.81 Od. $73,877.81 Oe. $67,572.19