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. nrough Problem 3-8 Profit Margin and Debt Ratio Assume you are given the following relationships for the Haslam Corporation: Sales/total assets 2.3 Return on assets (ROA) 4% Return on equity (ROE) 9% 1. Calculate Haslam's profit margin. Do not round Intermediate calculations, Round your answer to two decimal places % . 2. Calculate Haslam's liabilities-to-assets ratio. Do not round intermediate calculations, Round your answer to two decimal places. % 3. Suppose half of Haslam's abilities are in the form of debt. Calculate the debt-to-assets ratio, Do not round intermediate calculations, Round your answer two decimal places. % on avan Florida Seaside Oil Exploration Company is deciding whether to drill for oil off the northeast coast of Florida. The company estimates that the project would cost $4.84 million today. The firm estimates that once drilled, the oil will generate positive cash flows of $2.42 million a year at the end of each of the next four years. While the company is fairly confident about its cash flow forecast, it recognizes that if it waits two years, it would have more information about the local geology as well as the price of oil. Florida Seaside estimates that if it waits two years, the project would cost $5.54 million. Moreover, if it waits two years, there is a 60% chance that the cash flows would be $2.553 million a year for four years, and there is a 40% chance that the cash flows will be $1.677 miliona year for four years. Assume that all cash flows are discounted at a 10% WACC If the company chooses to drill today, what is the project's net present value? Round your answer to five decimal places. milion Quantitative Problem 21 Florida Seaside of tixploration Company is deciding whether to drilt for all of the northeast coast of Horida. The company estimates that the project would cost 34.32 million today. The firm estimates that once drited, the oil will generate positive cash nows of $2.16 million a year at the end of each of the next four years. While the company is fairly confident about its cash flow forecast, it recognizes that if it waits two years, it would have more information about the local geology as well as the price of oil Florida Seaside estimates that if it waits two years, the project would cost $5.02 million. Moreover, if it was two years, there is a 20% chance that the cash flows would be 52.261 million a year for four years, and there is a 30% chance that the cash flows will be $1.608 million a year four years. Assume that all cash flows are discounted at a 12% WACC What is the project's net present value in today's dollars. If the firm waits two years before deciding whether to drill million (to 5 decimals)