+ 17.pdf Untitled document - Google De x 1d13-6GNXienRrqOdjTSFORxTyRkFKs4Pq3pksDxNtA/edit Add-ons Help All changes saved in Drive - 11BI UAGE- 15 E 5 . 1 6 - 14.If net income is $85,000 and operating cash flow is $132,000, then a. Sales must be $143,000 b. Gross margin must be $107.000 c. Depreciation must be $33,000 d. Depreciation must be $47,000 e. Gross margin must be $217,000 15. A five year project with an internal Rate of Return of 11% an initial investment of $800,000 would have level cash flows (incomes) of A. $160,000 B. $176,600 C. $182,351 D. $248,103 E. $216,456 16. If the variable costs are $16.00 per unit in a year in which 85,000 units are produced, and fixed costs are $280,000, then the average cost would be: a. $23.13 b. $18.89 C. $19.29 d. $16.00 e. $21.17 17. Which of the following is TRUE concerning equivalent annual costs? a. You want the EAC with the highest value. b. You will use a different discount rate for each machine. C. You will multiply the annual maintenance by the number of years of useful life. d. You will divide the initial cost by the number of years of useful life. e. None of the above is true