1. For the following two situations you must show your calculations for credit. a. Based on the information below please calculate the value of $12,000 to be received at the end of twelve years, discounted at 12%. (4 Points) End of Period PV of $1 PV of an Annuity of $1 (factors at 12%) 12 0.25668 6.19437 b. Based on the information below please calculate the annual net cash inflows of $11,111 for eleven (11) years, discounted at 11%. (4 Points) End of Period PV of si PY of an Annuity of S1 (factors at 11%) 11 0.31728 6.20652 I 2. Lodge Company makes cast-iron griddles. The following information is available for Lodge Company's anticipated annual volume of 285,000 units. Per Unit Total Direct materials $17 Direct labor $19 Variable manufacturing overhead $ 7 Fixed manufacturing overhead $3,990,000 Variable selling and administrative expenses $18 Fixed selling and administrative expenses $6,270,000 The company uses a 62% markup percentage on total cost. a. Compute the total cost per unit. (5 Points) b. Compute the target selling price per unit (to 2 decimals). (5 points)