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Question 13 (3 points) Saved Listen Kwok Enterprises has the following income statement. How much after-tax operating income does the firm have? Sales $2,900 Costs 1,400 Depreciation 250 EBIT $1,250 Interest expense 70 EBT $1,180 Taxes (25%) 295 Net income $885 a) $848 b) $750 c) $668 d) $615 e) $698 Question 23 (3 points) Saved ) Listen You are considering an investment in a Third World bank account that pays a nominal annual rate of 18%, compounded monthly. If you invest $5,000 at the beginning of each month, how many months would it take for your account to grow to $300,000? Round fractional months up. a) 49 O C b) 40 e 50 d) 43 e) 38