23 23. Rafters, Inc. has year-end retained earnings of $250.000, 100,000 cumulative preferred shares each with a dividend of $.80 each and $1.000.000 common shares. If Rafters Inc. achieved a net income after tax of $330.000 for the period, what is the company's return on equity? (a) (b) (c) (d) 20% 22.8% 25.5% 27.5% 30.1% (e) 24. Halveston Aeronautics, with 130,000 common shares outstanding, declared a dividend of $148,200. Share price is $54. The dividend yield is (a) (b) (c) (d) (e) 45.7% 25% 19% 2.1% 1.1% 25. Calculate the amount of interest due if $1.500 is invested at 9.5% for 7 months. (a (b) (c) (d) (e) $997.50 $831.25 $42.50 $83.13 cannot be calculated with the information provided. 26. Calculate the amount of interest due if $6,800 is invested at 7.7% for 11 months. (a) (b) (c) (d) (e) $479.97 $4799.67 $567.23 $47.83 cannot be calculated with the information provided. What is the primary factor in the creation of positive cash flow