14. At the end of this month, Les will start saving S150 a month for retirement through his company's retirement plan. His employer will contribute an additional $0.75 for every $1.00 that he saves. If he is employed by this firm for 30 more years and earns an average of 10.5 percent on his retirement savings, how much will Les have in his retirement account 30 years from now? a $401,005 b. $540,311 c. $566,190 d. $603,289 . $660,555 15. What can we say about how the present values of these 2 identically risky investments compare with annual cash flows as shown below? Investment X has a higher present value. Investment Y has a higher present value. Investment X and Investment Y have the same present value If the discount rate is greater above 9.1%, then investment Y is better No comparison can be made-we need to know the interest rate to calculate the present value a. b. c. d. e. 16. The Smoothest Clarinet Company's only fixed asset is its manufacturing equipment which it could sell off for $650,000. The Company purchased the equipment over the past 5 years for a total of $2,360,000. The total accumulated depreciation is $1,100,000. In addition, the Company's has current liabilities of $700,000 and net working capital of $800,000. The Company could liquidate its current assets for $950,000 cash. What is ratio of market value to book value of all the assets? 43% 163% 54% 61% 47% b. . d. e