1. Tim Dodson has borrowed $137,463 to pay for his new car. The annual interest rate on the loan is 12 percent, and the loan needs to be repaid in 19 payments. What will be his annual payment if he is planning to make his first payment today?

2. Juventus Corp has total assets of $4,768,482, total debt of $3,406,631, and net sales of $7,530,821. Their net profit margin for the year is 11 percent. What is Juventus's return on assets (ROA)?

3. Trimeton Corporation announced that in the year ended June 30, 2008, its earnings before taxes amounted to $2,367,045. Calculate its taxes using the following table. Round your final answer to the nearest dollar.

Tax Rate

Taxable Income

15% $0 to $50,000

25% 50,001 75,000

34% 75,001 100,000

39% 100,001 335,000

34% 335,001 10,000,000

35% 10,000,001 15,000,000

38% 15,000,001 18,333,333

35% More than $18,333,333