1. The appropriate, and most widely recognized, goal of the financial manager is to

	a.	maximize shareholders wealth.
	b.	maximize the firms profits.
	c.	maximize the firms earnings per share.
	d.	All of the above.

2. Cho currently has $50,000 in his retirement account, and he wants to retire in 25 years. When he retires, he wants to be able to withdraw $100,000 per year for 30 years, starting one year after he retires. How much must he save at the end of each year in order to meet his retirement objective if his account is expected to earn 7 percent per year?

Reference Equations

	a.	$43,141
	b.	$46,641
	c.	$19,619
	d.	$15,329