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17. The most recent financial statements for BTS Co. are here Balance Sheet $16,400 20,200 $36,600 Income Statement $16,200 Current assets $10,100 Debt Sales Costs

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17. The most recent financial statements for BTS Co. are here Balance Sheet $16,400 20,200 $36,600 Income Statement $16,200 Current assets $10,100 Debt Sales Costs 10,400Fixed assets $5,800 2,320 26,500 Equity $36,600 Total Taxable income Total Taxes (30%) Net income Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40% dividend payout ratio, what is the internal growth rate? (6 points) Answer: 18. The Taxi Co. is evaluating a project with the following cash flows: Year Cash Flow 2 3 4 5 -$13,400 6,100 6,800 6,500 5,400 -5,900 The company uses a 7 percent interest rate on all of its projects. What is the MIRR using the discounted approach? (6 points)

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