13.A company sells 156,947 units per year. Fixed costs per order are $167 and carrying cost is $36 per unit per year. If management uses an EOQ model, how many orders will it place per year?

14.The terms of the sale were 2/5, net 41. What is the effective annual rate of interest?

15.The common stock of ABC Industries is valued at $94.85 a share. The company increases their dividend by7.3 percent annually and expects their next dividend to be $5.26. What is the required rate of return on this stock?