11. You need to purchase some equipment for your business for a cost of $75,000. You only have $5,000 to put down. You will finance the remaining balance over a 10 year period at a borrowing rate of 7.0%. What will be your monthly payment on the equipment?

12. You have negotiated to buy a local small business for $200,000 that you estimate will provide you net income (or net cash flow) of approximately $65,000 per year (after all cash costs and expenses) for the foreseeable future. What is the Present Value of this company based on its expected cash flows, assuming no significant growth in income, and assuming your required rate of return (or discount rate) is 25.0%?