1) Kan Fried Chicken (KFC) has a gross profit of 85,885,700 Korean Won and cost of goods sold (COGS) of 4,964,705 Korean Won. The balance sheet shows an average inventory of 1,068,540 Korean Won with an average accounts receivable balance of 21,137,850. Given the information, the sum of KFCs inventory turnover and KFCs receivable turnover is closest to:

A. 8.94.

B. 6.56.

C. 3.47.

D. 1.96.

2) Gartner, Inc. (IT)s new project is to be financed by selling $47.24 million in new debt and $19.29 million in new common equity. The before-tax required return on debt is 5.14% and 8.46% for equity. If IT is in the 23.25% tax bracket, its weighted average cost of capital (WACC) is closest to:

A. 5.25%.

B. 6.34%.

C. 7.47%.

D.8.70%.

3) If $44,625 is borrowed at 7.13% interest to be paid back over twelve years, how much of the fourth years payment is interest (assume annual loan payments)?

A. $3,260.81.

B. $3,043.79.

C. $2,841.21.

D. $2,613.58.